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.


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...

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...

Five Biggest Altcoin Gainers From January 18th to 25th

28 Jan 2021 3 minute read 7 comments pheonixdown-dee

The UNI altcoin is very close to reaching an all-time high price and should do so shortly. Both FTM and ALPHA have reached new all-time highs but are likely approaching or have reached a local top. AAVE has been consistently reaching new highs since...

Reading to coffee #6

13 Jan 2021 1 minute read 4 comments andrej

Welcome to sixth episode of reading to coffee.  Today topic is: INTERNET   1. Every day there is send more than 300 billions of e-mails. About 97% of them are spam. 2.  Internet is 11630 days old (today 13.1.2020) 3. YouTube upload to internet ever...

Aave Releases Protocol Migration Tool

29 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

Decentralized lending and borrowing protocol Aave (AAVE) has released a new tool that migrates full positions directly from the Aave 1 dashboard, the team announced in a blog post published on Jan. 28. Powered by flash loans, the migration tool allo...

Do You Know TRUST WALLET?

4 Dec 2020 1 minute read 8 comments Coincobra

Trust is Binance's official wallet but unlike Binance itself it works only as a mobile application. that is, if you want to take a look at your instances on a conventional desktop computer you won't be able to. Trust Wallet has good options for crypt...

Top 6 DeFi with the Highest Value of Locked Assets

27 May 2021 1 minute read 1 comment Defiant Pathfinder

Hi guys, welcome back to my blog and for those who are new you are welcome. There is no doubt that DeFi is now making too much noise and its demanding everyone's attention as people always wanted something which is fully decentralized, something whic...

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...