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.


Aave V2, The Seamless Finance

19 Aug 2020 4 minute read 16 comments Aave

  After months of work, it’s time for Aave to leave phase 1 and announce a new version of the Aave Protocol. As expected, Aave V2 will continue to push the limits of what is possible with Decentralized Finance. What started as the underdog of DeFi,...

Where to Put Your ETH & Stablecoins to Make You Money While You Sleep?

13 Oct 2020 6 minute read 28 comments Chenhuang_defi

Unlike the banking world, cryptocurrency platforms offer you quite lucrative returns on any deposits that you put inside a specific protocol.Typically, you would be lucky if a bank would provide you with an interest rate above 0.5% in today’s climate...

Aave Launches New Features and Listings

17 Jul 2020 4 minute read 15 comments Aave

  The Aave team has been hard at work to provide new features and assets in the protocol for the Aave Fam! As always, synergies within the ecosystem and brand new functionalities are on the menu this week. We’re happy to introduce new risk parameter...

5 Most Important DeFi Breakthroughs of Q3 2020

17 Sep 2020 8 minute read 9 comments yourmitchy

DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...

The ECB prepares its "digital euro".

3 Oct 2020 4 minute read 21 comments Roberto D.

Central banks have been thinking about this for quite some time. A digital currency under their control that pushes the countless electronic currencies that have proliferated over the last decade to the margins. A day ago, the European Central Bank a...

These are the Top 10 DeFi Projects (tokens & coins)

27 Sep 2020 11 minute read 20 comments busyjordy

There’s a lot of buzz surrounding DeFi cryptocurrencies right now and I’m going to give you a quick break down on what they are and their purpose.   DeFi is short for Decentralised Finance and it’s a pretty broad term, but the key thing is that most...

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

4 May 2020 9 minute read 7 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...

DeFI Diaries#2- COMPOUND Finance: What makes it so special?

11 Aug 2020 2 minute read 0 comments SamBTC

These days DeFI is the buzzword in crypto space and new DeFi projects seem to be popping up each day. In this series called “DeFI Diaries” I will be reviewing the more popular options in DeFI as per my experience using them. I recently made a post on...

Bitcoin (BTC) dominance has been showing bullish divergence and is moving up ! Will Altcoins continue to bleed in the next few weeks ?

21 Sep 2020 4 minute read 10 comments Djordi

Hi everyone, I was checking the good old Bitcoin dominance this morning and I decided to share it with you. We will see what this could possibly mean for Altcoins in the next couple of weeks. Here is a weekly chart of the dominance compared to the Al...

Top Things You Should Know About Aave (LEND)

13 May 2020 9 minute read 5 comments MuyAsk

Hey guys :) I’m back with another exciting Q&A piece for a crypto that’s been performing extremely well as of late – Aave (LEND). Aave is an innovative DeFi lending & borrowing protocol with a cryptocurrency token (LEND) which offer unique services s...