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.


Reasons Why Aave (LEND) is the NextGen DeFi App Home

5 Sep 2020 2 minute read 1 comment Cryptofivers

Decentralized finance (DeFi) is reshaping the crypto world. Aave has taken the bold step to pave way for the next generation DeFi applications. The platform innovative features will discern any decentralized finance goer. The digital money market has...

AAVE and GRT come to DeFiBids. Plus a $10K USDC Auction (The Biggest Yet).

17 Jan 2021 1 minute read 0 comments ShillzAndThrillz

Today brings the announcement of two new hot DeFi tokens making their debut over on the perpetual crypto auctioning platform that is DefiBids, in the form of the first ever lowest unique bid format auctions for both AAVE and GRT.  AAVE is the decentr...

Aaves' Cave

30 Nov 2020 1 minute read 0 comments Luckymercy

         Okay it's official, I don't know much about cryptocurrency because I'm new to this crypto thingy. So I decided I'm going to task myself to learn the basics of at least coin or token a day.  Either existing or newcomers. Today I opted to lear...

AAVE AND CHAINLINK HITTING ITS ALL TIME HIGH

24 Jan 2021 1 minute read 2 comments LeiTrades

Amidst, Bitcoin is barely holding in the range of $33,500 to $32,000 range. These two alt coins are also creating a buzz in the crypto world paving the way for its new all time high. Few analysts has been looking out the selling pressure in Bitcoin w...

AAVE, will it stop rising ?

6 Feb 2021 1 minute read 3 comments Clemnms51

Except if you're blind or if you completely ignore the social networks and the evolution of the cryptocurrency market, you must have heard about $AAVE. A nice DeFi protocol  AAVE is basically a decentralized lending platform. On its protocol, you can...

Aave Cryptocurrency (AAVE) Analysis

5 Feb 2021 1 minute read 0 comments Ayman Khalil

The Aave Cryptocurrency (AAVE) has been hitting the target that we predicted before at the area of $ 500.00 while the best price today is the best historical high price ever at $ 520.182.   If you missed the last (AAVE) article you could read it here...

AAVE Decentralizing with the LEND to AAVE Token Migration

5 Oct 2020 2 minute read 0 comments GabrielHaines

MIGRATION FROM LEND TOKEN TO AAVE TOKEN AAVE is a lending and borrowing protocol that’s been around since 2017. The next stage of their evolution is underway, as they move toward greater decentralization and community governance. With more than $1.5...

Zethyr Finance 2: Migration from Zethyr Finance 1

23 Sep 2020 1 minute read 1 comment Zethyr Exchange

Dear Zethyrians, If you are reading this article, chances are you have been using Zethyr Finance for a while. Thank you for being awesome so far! As you have probably been aware, in Zethyr Finance 2, we will open lending pools to TRX, USDT, WIN and B...

Aave Reaches $300M in Flash Loans Issuance

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has hit a new milestone, crossing $300 million in flash loans on August 30, according to Aave tracker Aavewatch. A flash loan worth $14 million executed on August 29, with trend of an overall...

Basic Atention Token & AAVE (LEND) could generate gigantic GAINS against BTC.

6 Jul 2020 3 minute read 2 comments Crypto adict (Manu VZ)

Hello family, today we will analyze the behavior in the following weeks of, BAT & AAVE. BAT / BTC Basic Attention Token Coin # 32 in the Coinmarketcap ranking with a total market capitalization of 40,368 BTC and a Volume for the last 24 hours of 8317...