Latest Posts with Aave (LEND) tag

Aave (LEND)

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Aave is a decentralizing lending and borrowing platform. Key features of the platform include flash loans, which are uncollateralized loans where borrowing and repayment occur in the same transaction; credit delegation, trusted uncollateralized loans; and borrowing and lending capabilities typical of decentralized lending platforms.

Aave was founded in November 2017 by CEO Stani Kulechov, who has described the goal of the platform as being “to build financial products that people need, while also having some fun.” Aave launched as ETHLend, but rebranded to its current form in September 2018. As ETHLend, it raised $600,000 in Ether in November 2017. The team consists of 19 members coming from a diverse background.

The platform’s native governance token LEND, which also gives its holders discounts on network fees. Compared to other platforms of its kind, Aave has listed a comparatively greater number of assets against which loans can be issued, with over 15 assets available. This in combination with its flash loan feature has made it a popular choice for borrowing and has contributed to its quick growth in 2020.

The rate switching feature allows users to switch between fixed and variable rates, allowing users to pick the most profitable interest rates. Aave’s credit delegation allows users to borrow funds with no collateral provided and is the pioneer of this mechanism in DeFi space. The team has recommended that users only enter into this agreement with users they trust, and Aave is working on an insurance fund to protect funds in the event any issues may occur.

Aave launched on the Ethereum (ETH) mainnet on January 9, 2020. While most technical updates have been completed, the team has stated that they will research and develop new features going into the future.


AAVE... 2000 $ ... ?

6 Feb 2021 1 minute read 1 comment Nas.A

  Hello to my friends who love life and keep smiling despite all negativity. In this article, I will talk about "AAVE", the star of this wasted run, which I gave you information about before. My previous articles; AAVE ... 11/11/2020 – 54 $ AAVE, The...

Aave Cryptocurrency (AAVE) Analysis

5 Feb 2021 1 minute read 0 comments Ayman Khalil

The Aave Cryptocurrency (AAVE) has been hitting the target that we predicted before at the area of $ 500.00 while the best price today is the best historical high price ever at $ 520.182.   If you missed the last (AAVE) article you could read it here...

DeFi Domination #1: AAVE

4 Feb 2021 1 minute read 0 comments Walooploop

Today, let’s take a dive into one of my personal favorite DEFI gems, Aave.  Beginning in November 2017, Aave was the very first decentralized financial protocol that enabled a user to borrow or lend cryptocurrency. Aave allows users to earn interest...

Grayscale looks to introduce more crypto investment products for institutional investors to invest on

1 Feb 2021 1 minute read 2 comments Greenchic

Image SourceInstitutional investors did set Bitcoin’s price booming lately and their entry into Bitcoin investments were facilitated by Grayscale, a digital asset management company. Till now Grayscale was a popular vehicle through which institution...

January Update: Aaveversary, another migration, and MarketMake!

1 Feb 2021 1 minute read 8 comments Aave

Hello Aave Community! Hope your 2021 has been off to a good start! On January 8th we celebrated the 1st birthday of the Aave Protocol with a momentous $3B market size milestone and an epic Aaveversary community call. The first year was an incredible...

Aave Releases Protocol Migration Tool

29 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

Decentralized lending and borrowing protocol Aave (AAVE) has released a new tool that migrates full positions directly from the Aave 1 dashboard, the team announced in a blog post published on Jan. 28. Powered by flash loans, the migration tool allo...

Introducing 1Hive and Honey

29 Jan 2021 4 minute read 3 comments Blazarius120

1Hive is a decentralized autonomous organization (DAO) that issues and distributes a digital currency called Honey.   What is a DAO? DAOs are cybernetic super-organisms… or more simply, coordination protocols that enable humans to work together towa...

Five Biggest Altcoin Gainers From January 18th to 25th

28 Jan 2021 3 minute read 7 comments pheonixdown-dee

The UNI altcoin is very close to reaching an all-time high price and should do so shortly. Both FTM and ALPHA have reached new all-time highs but are likely approaching or have reached a local top. AAVE has been consistently reaching new highs since...

What is Axie infinity?

27 Jan 2021 1 minute read 3 comments NFT ROOM

Welcome to another post about collectibles and gaming! Inspired by the Pokémon saga, Axie Infinity might be the biggest Pay-to-Win-to-Earn right now, with characters that sell as high as 300ETH and a growing community that has already reached the 19...

DeFi Lending Alternatives to AAVE & COMPOUND

27 Jan 2021 3 minute read 7 comments Brawnd0

While AAVE and Compound shine bright in their deserved glory, there are smaller competitors out there working on getting a piece of the DeFi lending cake for themselves.  Just like in the real world, there are a ton of firms doing the same thing on t...