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.


DeFi Crushes BTC and Rises as AAVE Hits All Time High

24 Jan 2021 1 minute read 1 comment georgia86

  AAVE, the DeFi/lending/borrowing platform governance token has its new top The the total value of money locked in DeFi continues to soar, the price of AAVE continues to fly with it The magic of the decentralized body perforing the functions of a b...

AAVE ...

11 Nov 2020 2 minute read 1 comment Nas.A

  AAVE ...        Aave ( AAVE ) is a transparent and open source DEFI (Decentralized Finance) project on the Etheruem blockchain network in 2017. As Aave ( AAVE ) DeFi, it can lend its users decentralized, without intermediaries and with fixed intere...

Lending ...

12 Nov 2020 2 minute read 0 comments Nas.A

  Lending ...        Is it possible to make a profit from cryptocurrencies without trading or swap transactions? Possible… You can profit by lending your crypto coins. As an alternative to trading or saving in a wallet, a lending method has been es...

Aave's Founder Would Like to Tokenize Tesla

24 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The founder of decentralized lending platform Aave (LEND), Stani Kulechov, made an interesting proposition to Elon Musk via Twitter on August 21, telling him that he would one day like to see cars be used as collateral to borrow USD Coin (USDC). Kul...

Polarity.Exchange wallet support for LEND/AAVE swap

6 Dec 2020 1 minute read 0 comments Samurai6

Polarity.Exchange is going to support the LEND to AAVE token migration directly on-chain and in your wallet on December 12, 2020. "AAVE token is the new governance token of the Aave Protocol, so migrating from LEND to AAVE allows you to participate i...

DeFi Platform Aave's Strategic Investors Deepen Collaboration as Investment Raises $4 million

16 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Lending platform Aave has announced a series of ways in which strategic investors 3 Arrows Capital and Framework Ventures will aid in its decentralization and growth, according to a blog post published on July 15.The two strategic investors have nett...

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...

COINBASE (CELO/BAND/UNISWAP)

23 Sep 2020 1 minute read 0 comments Coincobra

Recently, the largest US exchange listed and made 3 new cryptocurrencies available to negotiate. This is very interesting, as they were launched in sequence over a period of just over 45 days. In the case of coinbase it is not very common for this to...

Interesting Market Cycle

28 Oct 2020 1 minute read 0 comments belemo

I'm pretty sure that everyone else has noticed the weekday to weekend trend that virtually all cryptocurrencies in the market have been following. I'm a long term hodler, rather than a day trader, so I generally avoid the Swift buys and sells, h...

Aave Launches V2 Of Its Defi Protocol On A Public Testnet

12 Nov 2020 1 minute read 0 comments CryptoBrowser

The Protocol Added Several Significant Improvements And Features Which Are Live For Testing On The Kovan Testnet One of the most popular DeFi lending protocols, Aave, now undergoes its long-awaited v2 upgrade. The first step for the new protocol was...