Latest Posts with Aave (LEND) tag

Aave (LEND)

262 Articles 24,361 Followers

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.


What Is Aave Crypto? What Does AAVE Mean? Aave Price Today And Aave Crypto Price Prediction. How To Buy Aave Coins?

24 May 2021 5 minute read 7 comments StealthEX

Looking for information on what AAVE crypto is? Then you have come to the right place. AAVE price prediction and how to buy Aave coin on StealthEX? All this and much more in our new article. What Is Aave Crypto? Aave is an open-source, no custodian p...

Aave will launch solution for the high transaction fees of the Ethereum network

3 Apr 2021 1 minute read 6 comments Simplify Crypto

The DeFi Aave platform has developed a second layer solution for Ethereum Polygon. With the project underway, Aave intends to solve the problem of congestion and high rates on the Ethereum network. The announcement was made in an article on the Polyg...

These are the Top 10 DeFi Projects (tokens & coins)

27 Sep 2020 11 minute read 20 comments busyjordy

There’s a lot of buzz surrounding DeFi cryptocurrencies right now and I’m going to give you a quick break down on what they are and their purpose.   DeFi is short for Decentralised Finance and it’s a pretty broad term, but the key thing is that most...

Coinbase Pro Lists DeFi Tokens AAVE, BNT and SNX

15 Dec 2020 1 minute read 12 comments Abhimanyu Krishnan

Coinbase Pro has listed DeFi tokens AAVE, BNT and SNX, according to an announcement made on Dec. 15. Coinbase Pro opened deposits for the 3 assets on Dec. 14, with trading to begin at 9 AM PST, Dec. 15 AAVE, BNT and SNX are popular DeFi assets that...

Aave Protocol V2 Launches on Mainnet

4 Dec 2020 1 minute read 3 comments Abhimanyu Krishnan

The Aave (AAVE) protocol launched its V2 upgrade on the mainnet, the team announced in a blog post published on Dec. 3. Aave V2 brings several new features, including yield and collateral swaps, upgrades to flash loans, collateral repayments, native...

DeFi Lending Platforms Comparision Reveals the Most Undervalued One

9 Mar 2021 2 minute read 8 comments Li_KungFu

DeFi is a nascent industry and with that, it moves incredibly fast. So fast, in fact, that 2/3-year-old platforms can become obsolete, creating space for newcomers to innovate upon their ideas. This rule applies to every niche within DeFi and we’re w...

Aave DeFi Overview: Borrow & Lend Crypto

7 Mar 2021 4 minute read 2 comments MintDice.com

Another cryptocurrency which has recently come onto the radar of a number of traders is Aave. Some of you may be wondering what Aave is and what does it do. Well you may be surprised to discover that, despite its recent rise to fame, Aave isn’t actua...

A $50,000,000 Loan with 0 Downpayment | Welcome to DeFi

3 Nov 2020 4 minute read 10 comments Chenhuang_defi

Welcome to DeFi, a place where you can easily take out a $50 million loan with ZERO collateral. How? You can take out an uncollateralized loan of any size as long as you can repay it in the same transaction. Confused? Let's dig deeper. SourceOn 26 O...

3 Top Altcoins To Explore: Institution-Ready DeFi Projects that surged 72.8% in the last 7 days | KuCoin Weekly Review Issue #28

6 Jul 2021 3 minute read 5 comments KuCoin Blog

Despite the tough times faced by Bitcoin, it has managed to end the week in the green. It made it up to $36,595 in the middle of the week before dropping again. Otherwise, there was not too much news coming out about BTC this week, which is lik...

Newbie Quest: Understanding Aave (AAVE)

6 Feb 2021 5 minute read 18 comments Steven_BA

A new post from the Top 100 crypto-currencies is live today. I will cover a very interesting coin. But before starting and telling you what it is about, I will start with a short story: few months ago, actually it was October 2020, I've heard for the...