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.


31.07.20202 - End of July - News from the block and chain

31 Jul 2020 3 minute read 0 comments Heruvim78

Gas fees - they are higher than ever, and now is indeed a good day to be a farmer, if you have a mining farm (with proper rigs, mining Ethereum is more lucrative than ever, even better than 2017, when ETH used to be $1400).  Elrond mainnet was launc...

Top Whales Picks in June ($LEND, $REN, $ZRX)

26 Jun 2020 1 minute read 0 comments Yasin

According to the crypto analytics company Santiment, whales; aggressively buys Ren (REN), Aave (LEND) and 0x (ZRX) coins. As is known, Santiment uses a metric that measures the amount of token held by off-exchange accounts also known as whales. A sta...

What is AAVE (LEND)? Will We Go Towards Mass Adoption?

29 Aug 2020 2 minute read 0 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

🅰🅰🆅🅴 is a London-based company founded in 2018. The company's goal is to solve some problems arising from centralized markets such as PayPal, Skrill and Coinbase. Their main product is Aave Protocol, an open source, non-custodial protocol based on th...

ETHLend Crypto Project - Get a crypto loan without selling your cryptocurrencies

13 Aug 2020 1 minute read 0 comments NassiroV

ETHLend is an innovative platform for making loans between individuals. It is a DAPP, a decentralized application, which runs on the Ethereum blockchain. The initial goal of the developers is to allow the users to access the loans and standardize int...

The Aave protocol exceeds 100 million capitalization

17 Jun 2020 1 minute read 0 comments NassiroV

Image Source The DeFi ecosystem continues to develop on Ethereum. Aave is among the most impressive growth protocols since the start of 2020. The latter has just exceeded $ 100 million. Aave, a decentralized lending protocol on Ethereum Aave is a de...

27.08.2020 - Another day into Cryptoverse

26 Aug 2020 2 minute read 3 comments Heruvim78

  Polkadot entered in the Top10 after decreasing x100 is currently ranked #6. The value increased spectacularly from 3 to 6 USD. Just sold my Ampleforth and bought Polkadot instead. Is that bad? Is that good? The future will tell me.  Ethereum go...

Aave (LEND) Launches Unsecured P2P Loans, LEND / USDT Drops After Meeting Resistance

11 Jul 2020 1 minute read 0 comments PassionCryptodotcom

Loan Protocol Aave has rolled out a new service on Ethereum which allows users to take out unsecured loans.  Users who deposit an asset on Aave can now "delegate" a line of credit to another person. The parties involved in the process must sign a le...

Centralized exchanges owe there customers quality customer service

23 Aug 2020 1 minute read 1 comment Andann427

The crypto space and it’s defi products are a burgeoning and exciting market ever evolving and exploding, shattering records and crowing new Kings. Whether it be compound finance, aave, yearn finance or any of the up and coming protocols all of it is...

VALUE TAKEOVER HAS BEGUN / Ethereum DeFi on track to become a "liquidity black hole" - the most relevant in DeFi & stablecoins

6 Jun 2020 7 minute read 0 comments Crypto adict (Manu VZ)

                  THIS IS THE MOST RELEVANT IN DeFi & STABLECOINS   The data shows that the absorption of crypto assets into DeFi, mostly Ethereum-based apps, has already started.   According to the data site Defipulse.com, there is now a value of $...

Crypto Loans - should you use your crypto as collateral or not?

9 Jun 2020 4 minute read 0 comments CKO

In the recent time, multiple fintech platforms offering crypto loan and earning programs were rising. Their core value they provide are loans backed up by crypto collateral - which means that you can borrow fiat money (mostly Euro or Dollar) if you d...