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 V2 Hits Public Testnet

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Version 2 of decentralized lending protocol Aave (AAVE) has launched on the public testnet, according to a blog post published on Nov. 11. First announced in Aug. 2020, Aave V2 will bring a host of improvements to the platform, including debt tokeni...

Aave - The token with the highest profit in 2020

31 Dec 2020 1 minute read 0 comments Makingdigital

Aave has been the token that has experienced the most profit in this year 2020.If we look back and look at Aave's behavior at the beginning of January, we can see that the dollar was hovering. A very small price to invest in it. Aave did not attract...

Aave's Bid to Tokenize Mortgages Moves Forward with RealT Collaboration

2 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing protocol Aave (LEND) has provided an update on its bid to tokenize mortgages, as revealed in a blog post published on September 1. Aave will also add a proposal to add RealT Markets to the protocol, which will all...

Derived Markets and Turning Profits with Aavegotchi

6 May 2021 5 minute read 0 comments Andrew Fleming

*This article is part 2 of "Why Don't You Own an Aavegotchi?" **For a thorough summary of Aavegotchi, please see the Aavegotchi Wiki and AavegotchiStats. As a refresher from the former article, I stated: Generally, the most successful cryptocurrenc...

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...

Aave Cryptocurrency (AAVE) Analysis

15 Feb 2021 1 minute read 0 comments Ayman Khalil

The Aave Cryptocurrency (AAVE) has been hitting a new high historical price at $ 581.667.   (AAVE) is trading now in a downtrend direction at the area of $ 467.000   Our view of the (AAVE) is preparing to grand jump for many higher areas that will be...

1Hive: Introduction to Agave ($AGVE)

15 Feb 2021 2 minute read 6 comments Blazarius120

Introducing $AGVE, or Agave, a decentralized non-custodial money market protocol where users can participate by borrowing or lending money through the application. Agave is a fork of Aave, built by the 1Hive community and deployed on the xDai chain...

LINK and AAVE To The Moon ...

24 Jan 2021 1 minute read 3 comments Nas.A

  Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will brief you on "CHAINLINK" and "AAVE". I have covered these two cryptocurrencies in previous articles. Leading cryptocurrency Bitcoin has been...

It Pays to Borrow on Aave

7 May 2021 7 minute read 2 comments RockHoward

Today we start looking at the Aave Lending Dapp and we will go over the first real DeFi play from my playbook. This is a great time to try Aave as special promotions grant extra rewards to dapp users making it easy to goose your returns. You can even...

What is AAVE?

15 Feb 2021 1 minute read 2 comments chris04

What is AAVE? AAVE is the native governance token of the Aave protocol and is based on Ethereum's ERC-20 protocol. Aave, as detectable by Defipulse, is one of the main decentralized finance protocols (DEFI) and the AAVE token is among the largest DeF...