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.


What Is Defi Flash Loan & How to prevent the Flash Loan Attacks ?

30 Jun 2021 9 minute read 2 comments CryptoWise

Defi platforms are all poised to replace all the banking services, but having said that they are still vulnerable to security attacks and market manipulation, due to the decentralization fabric. Let's explore Flash loans today and try to decode its...

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...

4 Crypto Projects That Were Eating Dirt After 2018 Crash But Now They are Back

4 May 2020 9 minute read 8 comments CryptoChartWizard91

Howdy! Today I would like to discuss something extremely interesting that has popped up on my radar with a few certain coins.  The thing that these coins have in common is the fact that they were eating dirt during 2018 until late-2019 as they tanked...

What is Axie infinity?

27 Jan 2021 1 minute read 3 comments NFT ROOM

Welcome to another post about collectibles and gaming! Inspired by the Pokémon saga, Axie Infinity might be the biggest Pay-to-Win-to-Earn right now, with characters that sell as high as 300ETH and a growing community that has already reached the 19...

Aavenomics Quarterly Upgrade

11 Jan 2021 1 minute read 0 comments Aave

In September, 2020, the Aave Protocol began the initial phase of the Aavenomics. In this genesis phase, $AAVE holders could stake their AAVE in the Safety Module and earn Safety Incentives, but stakers didn’t have the additional responsibility of sec...

Decentralized Finance Which Fought their way UP

30 May 2021 2 minute read 2 comments Defiant Pathfinder

It is so exciting Seeing how Decentralized Finance (DeFi) fought their way to the top. Its no lie that DeFi is making headlines these days as investors and traders are now much into it. How Did they Manage to Do So Back in the days even up to now inv...

What is Aave Protocol (AAVE)?

15 Dec 2020 4 minute read 2 comments TMod_Marco

What is Aave? Aave is a decentralized protocol to earn interest on your deposits and borrow digital assets. It’s decentralised and non-custodial, meaning you are the direct owner of your funds at all times. This is possible through the use of smart c...

What is DeFi?

7 Mar 2021 2 minute read 7 comments chris04

DeFi is the acronym for Decentralized Finance or the offer of a series of financial services, which by exploiting the potential of platforms and protocols that allow the automatic execution of smart contracts (Erc-20 or BEP20), eliminate financial in...

How to efficiently trade AAVE Contract Trading on Bityard

5 May 2021 3 minute read 2 comments PVMihalache

Aave is an open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. The Aave ecosystem is powered by the AAVE ERC-20 token and is organized as a decentralized non-custodial money market protocol. The AAV...

AMPL Becomes 100% Utilized on AAVE in Less Than 24 Hours

25 Jul 2021 3 minute read 1 comment zacharias

25 July 2021:  In less than 24 hours after the official launch of Ampleforth borrowing/lending on the DeFi platform Aave, AMPL reached 100% utilization.  This means that no more AMPL is available for borrowing at this time.  This is a monumental boos...