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.


DeFi Mini Course: Part 1, Wallet Setup for DeFi

16 Feb 2021 6 minute read 2 comments Pinotio.com

About the Mini-Course This is a learn-by-doing mini-course in decentralised finance (DeFi). The idea is to let you explore how decentralised finance works and how to make (or lose!) money in decentralised finance. Each part of the course will include...

AAVE's exciting 10 day Round-Up

26 Mar 2021 1 minute read 3 comments Joker1919

                                March 16th - AAVE protocol launches AMM liquidity pool to enable liquidity providers on UNISWAP and Balancer to use their LP tokens as collateral on AAVE. See list of both UNISWAP tokens + Balancer tokens here.March 17...

😎 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 Surpasses $2B in Total Liquidity

17 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has crossed $2 billion in total liquidity, the team announced on Dec. 17. Aave’s current liquidity is roughly $2.02 billion, rising approximately 8% in the last 24 hours The AAVE token has been of the handf...

The crypto that are growing faster than Bitcoin!

9 Dec 2020 1 minute read 2 comments Roberto D.

According to many, the path of Bitcoin is unrepeatable. Yet in recent months, the prince cryptocurrency has lagged far behind other virtual currencies. Let's go briefly to see what they are. There are cryptocurrencies that are growing faster than Bit...

Layer2 Coming Soon On Synthetix, Uniswap, Aave and Loopring

19 Jan 2021 2 minute read 7 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

If you are not large holders, it is not convenient to stake tokens on Ethereum's DeFi platforms because the gas is too high. Likewise, there is no incentive to provide liquidity. A scalability solution could come from "Layer2" that some platforms are...

Two of my biggest mistakes in my crypto journey so far ! Selling ETHLend/AAVE and going into an ICO scam called CryptAssist.

13 Sep 2020 4 minute read 15 comments Djordi

Hi Everyone, Today I want to talk about some of my bigger mistakes during my cryptocurrency journey so far. It is always good to be honest and show your mistakes as well, rather than to only boost when things go your way. They are great ways to learn...

Institutions Load up On Crypto, Next Comes the Herd; Flamingo.Finance $FLM, $BZRX, $AAVE, $UMA, $KAVA

16 Oct 2020 1 minute read 6 comments Aware1

  Over the past couple of months, there have been several notable Bitcoin purchases made by large funds and well-known companies such as Square. In my opinion, this is only the beginning of a trend that will be the driving force behind the next wave...

Bitcoin turns 12, happy birthday!

1 Nov 2020 2 minute read 4 comments Roberto D.

It has been 12 years since, on 31 October 2008, Satoshi Nakamoto published the famous manifesto (whitepaper) in which he spoke of a new completely electronic money. It was the beginning of Bitcoin. The first block was generated on January 3, 2009, wh...

3 Reasons Why You Should Read This Blog Before Investing in Crypto Tokens

19 Jun 2021 5 minute read 10 comments harshithpro

The cryptocurrency market has exploded into a frenzy of activity this year. In case you haven’t been following, the total market capitalisation of all crypto tokens is currently $240 billion, and the total market cap for all cryptocurrencies reached...