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.


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27 Sep 2020 11 minute read 20 comments busyjordy

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15 Dec 2020 1 minute read 12 comments Abhimanyu Krishnan

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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...

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9 Mar 2021 2 minute read 8 comments Li_KungFu

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7 Mar 2021 4 minute read 2 comments MintDice.com

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

3 Nov 2020 4 minute read 10 comments Chenhuang_defi

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Newbie Quest: Understanding Aave (AAVE)

6 Feb 2021 5 minute read 18 comments Steven_BA

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AAVE – Open Source DeFi Protocol Explained

7 May 2021 4 minute read 2 comments RelyOnCrypto

In 2017, AAVE, which is now one of the most common lending protocols in Decentralized Finance, was developed. Before the rebranding in September 2018, the project was known as ETHLend, which was founded by Stani Kulechov in Finland. Stani found Ether...

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4 May 2020 9 minute read 8 comments CryptoChartWizard91

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27 Jan 2021 1 minute read 3 comments NFT ROOM

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