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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28 Jan 2021 3 minute read 7 comments pheonixdown-dee

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13 Jun 2021 1 minute read 13 comments Defiant Pathfinder

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13 Jan 2021 1 minute read 4 comments andrej

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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...

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27 May 2021 1 minute read 1 comment Defiant Pathfinder

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4 Dec 2020 1 minute read 8 comments Coincobra

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26 May 2021 2 minute read 3 comments Defiant Pathfinder

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😎 Token Signal (06/16 ~ 06/23) : REN, SUSHI, UNI & AAVE’s Active Address/Transfer Volume Drop

23 Jun 2021 1 minute read 0 comments Dapp.com

Cryptocurrency traders, you need to pay attention to these trading signals! According to the on-chain data tracked by dapp.com, 4 top tokens Ren $REN, SushiSwap $SUSHI, Uniswap $UNI and Aave Protocol $AAVE experienced significant changes in their Ac...

Aave open source and non-custodial protocol

3 Jun 2021 4 minute read 7 comments Heath Muchena

Aave is one of the most popular platforms in the cryptocurrency world of decentralized finance (DeFi). It allows you to lend and borrow numerous cryptocurrencies without a third party. It also lets you temporarily borrow over a billion dollars of cry...