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.


Polkadot X Ethereum - Giant fight

13 Nov 2020 1 minute read 2 comments Coincobra

Polkadot      Market Rank - 9 Price today (13/11/2020) - $4,45 USDMarket Cap - $3.907.171.844 USDVolume (24h) - $345.006.116 USDCirculating Supply - 877.539.162 DOTTotal Supply - 1.012.344.574 DOT Ethereum Market Rank - 2 Price today (13/11/2020) -...

DeFi resurgence lifts Maker, Aave and Compound cost to new highs

4 May 2021 2 minute read 0 comments BlaZZ

As Ethereum revitalized to new highs, the absolute worth secured different DeFi stages flooded above $10 billion, lifting MKR, AAVE and COMP toward new unsurpassed highs. Dissecting the action on loaning stages can here and there be utilized as a gau...

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...

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...

Yield farming - a primer

21 Mar 2021 6 minute read 2 comments NakedCryptoMole

Introduction - DeFi and Yield Farming Let's talk a bit more about DeFi and Yield Farming. What is so special about decentralized finance (DeFi) and why is everyone talking about it? Defi is basically permissionless, meaning that there is no central i...

Technical and Price Analysis- MKR, AAVE, DOT, LINK, SNX- JUN 12, 2021

12 Jun 2021 1 minute read 0 comments Hsksks

We all want to know the next best altcoin. Some of the contenders are MakerDAO, Aave, Polkadot, Chainlink and Synthetix. MKR MakerDAO envisions to make Stablecoin ecosystem mainstream. The market price stood at $2,868.5 at 5:40 AM UTC. It has a loss...

Aave Introduces Aavenomics, Its Tokenomics Upgrade Proposal

30 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) announced a major update for its protocol on July 29. Called Aavenomics, the upgrade will see current native token LEND converted to AAVE at a 100:1 ratio, among other changes. Saying that Aav...

Alt Market Overview. March 01-11, 2021

11 Mar 2021 1 minute read 1 comment Sir Loin

The news about the integration of the Nash project with the Aave platform increased the value of the #NEX token at its peak by 25%  The announced strategic partnership with LinkDNS by representatives of the High Performance Blockchain led to a 20% i...

AAVE is getting ready for second leg up!

27 Mar 2021 1 minute read 0 comments amtraderpro

Hi guys! After over a month of consolidation I believe AAVE is ready to take off. There was an accumulation period of approximately six weeks where the price was trading within the limits of the rectangle that I marked on the chart. A falling triangl...

Warning: Avoid Getting Scammed on Discord

26 Apr 2020 5 minute read 2 comments Creepto

TL;DR: scammers lurk in support channels, impersonate legit support people, and try to get you to transfer funds to them. Suspect and research anyone who contacts you uninvited. The other day, someone tried scamming me on a Discord support channel. I...