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.


Why I Don't Use the AAVE (LEND) Platform

23 Dec 2020 1 minute read 4 comments Skyfries

  Decentralized Finance has been huge for cryptocurrency.  The evolution from digital decentralized currency to digital compound interest seems like a natural evolution in hindsight and begs the question why it didn't happen sooner.  One of the big p...

Aave’s Community Takes Control of Governance

29 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending platform Aave (AAVE) announced on October 28 that it has handed over the protocol’s admin keys to the community, a major step in the path towards full decentralization. The Aave team handed over the admin keys to community gove...

Going Long (or Short) with Aave

7 May 2021 3 minute read 1 comment RockHoward

In my recent log post about Aave I introduced the idea of borrowing for profit. In Play #1 I mapped out a safe and sure method to enhance interest earned. Today we take a look at how to leverage Aave (pun intended), to achieve various purposes by tak...

DEFI tokens indicated by trader

20 Mar 2021 1 minute read 0 comments Medal182

There was an article that I thought was important to share, talking about some tokens that a trader indicated in March to make a profit in April. For those who like to practice trader, the article says: 1 Token: "1inch (1INCH)The first token mentione...

CC153 - Discover the Features of AAVE

2 Jan 2021 1 minute read 2 comments Chesatochi

⏰ Time Stamps ⏰ 00:00 Introduction00:45 Aave on CoinGecko01:36 What is Aave07:08 Aave website09:35 Aave DAPP interface Introduction One of the most basic things in the crypto sphere is the ability to make interest with your crypto. Another thing you...

Decentralized Finance Exchange vs Cetralized Finance Exchange Platforms

24 May 2021 1 minute read 0 comments Defiant Pathfinder

Hi guys i am back again, i hope you are all well. On this article i am going to look and do the comparison on Decentralized Finance Exchange Platforms and Centralized Finance Exchange Platforms. In these crypto industries we have a lot of exchange pl...

Aave Introduces Two New Governance Proposals

20 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave introduced two new governance proposals on Nov. 18, aimed at funding governance decisions and preparing for the transition into Aave V2. Aave Improvement Proposals (AIPs) 2 and 3 have been officially submitted for...

Why Don't You Own an Aavegotchi?

3 May 2021 3 minute read 4 comments Andrew Fleming

First and foremost, what is an Aavegotchi? An Aavegotchi is simply an NFT piggy bank that earns interest. Relative to DeFi, I suppose that's not the most exciting thing. Did I mention that Aavegotchis are pixelated ghosts? I hope that piqued your int...

AAVE Maria 🙏🏻👻 (🇬🇧)

8 Feb 2021 1 minute read 4 comments TL;DR

Is AAVE set to break out to over $5,000? #Crypto #Cryptocurrency #Trade #Trading #SwingTrading We all know where we can find #AAVE 's fundamentals so let's have a quick flip through the #TA : Bearish 🐻: Recent #DoubleTop Recent Bearish #EngulfingP...

Top DeFi Protocol Migrates Token From $LEND to $AAVE

6 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has completed its tokenomics upgrade and converted its LEND tokens to AAVE, according to an announcement made on October 2.  The vast majority of token holders voted in favour of the Aavenomics upgrade, whi...