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 Protocol Governance V2 has been activated!

18 Dec 2020 3 minute read 27 comments Aave

The Aave Protocol V2 launched just over a week ago, and has rapidly grown in market size, now reaching over $98M. The V1 → V2 migration tool has not even been released yet (Soon™), so this growth is particularly Aavesome. Last week, there was a gover...

AAVE x AMPL a Match Made in Heaven

19 Mar 2021 3 minute read 5 comments Brawnd0

Aave, originally called ETHLend, is considered to be one of the OG’s of the DeFi. It’s one of the top 3 DeFi projects by total value locked and it made it here by pushing the boundaries of what we can do with money, most notably including flash loans...

3 Altcoins To Keep Tabs On - AAVE, UNI, CRV | KuCoin Weekly Review Issue #6

26 Jan 2021 2 minute read 13 comments KuCoin Blog

Bitcoin’s price has been on a roller coaster over the last week. According to the moves of KuCoin’s BTC/USDT trading pair, Bitcoin fell to as low as $28,856 on January 22, and picked up to $33,814 within the following 24 hours. Over the same period,...

P2P Lending is the Next Big Thing in DeFi. Period.

18 Feb 2021 5 minute read 6 comments kevW!ls0n

Before I dig down on Yield, let let me tell you a short story on how once the father of AMMs Kyber Network with VC backing and tons of people in the team were defeated by one-man ran Uniswap.  Together with Bancor, Kyber pioneered the Automated Marke...

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 V2, The Seamless Finance

19 Aug 2020 4 minute read 16 comments Aave

  After months of work, it’s time for Aave to leave phase 1 and announce a new version of the Aave Protocol. As expected, Aave V2 will continue to push the limits of what is possible with Decentralized Finance. What started as the underdog of DeFi,...

How Defi Projects Use Chainlink Oracles

13 Jul 2021 3 minute read 8 comments Crypto Adventure

Chainlink is a crypto oracle network introduced in 2017 to provide oracle solutions to the crypto and Defi world. Oracles are tools designed to provide data feeds from the non-blockchain world(off-chain) to the blockchain and smart contract world(on-...

Aave V2 is Available on Public Testnet!

18 Nov 2020 1 minute read 5 comments Aave

  A while ago, the Genesis Team released this plan outlining some features to expect with Aave V2, making finance a more seamless experience. Today, Aave V2 is live on the Kovan testnet, and you can check it out here. Since the beginning o...

What Does Ethereum's Fail Mean for Other Big Alts?

28 Mar 2021 4 minute read 33 comments AlucardLife

Unless you've been under a rock, you know about the Ethereum Network's huge scaling fail. Optimism, the temp fix for the temp fix before Ethereum 2.0, was pushed back. It is now coming in July. We have yet to really see any price action in ether base...

Where to Put Your ETH & Stablecoins to Make You Money While You Sleep?

13 Oct 2020 6 minute read 29 comments Chenhuang_defi

Unlike the banking world, cryptocurrency platforms offer you quite lucrative returns on any deposits that you put inside a specific protocol.Typically, you would be lucky if a bank would provide you with an interest rate above 0.5% in today’s climate...