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.

The Aave Protocol V2

4 Dec 2020 6 minute read 8 comments Aave

It’s the moment we’ve all been waiting for… V2 of the Aave Protocol on mainnet! The Aave Protocol V1 launched at the beginning of this year, with the goal of unlocking value in DeFi and improving the user experience. The protocol quickly grew to over...

Aaves' Cave

30 Nov 2020 1 minute read 0 comments Luckymercy

         Okay it's official, I don't know much about cryptocurrency because I'm new to this crypto thingy. So I decided I'm going to task myself to learn the basics of at least coin or token a day.  Either existing or newcomers. Today I opted to lear...

AAVE, The Shining Star Of The DEFI Market...

29 Nov 2020 1 minute read 1 comment Nas.A

  AAVE, The Shining Star Of The DEFI Market...        I gave information about AAVE in my article dated 11 November. I will talk about the developments in the past time. I will also make an important reminder.      AAVE is one of the most important p...

idle finance

28 Nov 2020 1 minute read 0 comments 7Fx

Idle is a decentralized rebalancing protocol that allows users to automatically and algorithmically manage their digital asset allocation among different third-party DeFi protocols. You can choose to maximize your interest rate returns through Best-Y...

E&S: Aave, the money market protocol

22 Nov 2020 4 minute read 0 comments MikeZillo

Hi Publish0x community, welcome back to this second article dedicated to Aave! We are again in my new “Easy and Short. Cryptocurrency made accessible” section, created with the aim of introducing the reader to many tokens (often hidden from the spotl...

Technical Analysis: Aave 22/11/2020

22 Nov 2020 1 minute read 0 comments Crypto Army

Aave reached approximately 82$ after starting ascending since the 5th of November, breaking all previous resistance levels, and aiming to reach ATH again. In this article we are going to discuss Aave's Technical analysis, possible targets, support li...

Aave Introduces Two New Governance Proposals

20 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave introduced two new governance proposals on Nov. 18, aimed at funding governance decisions and preparing for the transition into Aave V2. Aave Improvement Proposals (AIPs) 2 and 3 have been officially submitted for...

Make the most of DeFi, safely

16 Nov 2020 1 minute read 0 comments whattheclap

I've been fiddling around with Ethereum dApps for some time now, trying to find the best ways to grow my holdings. I haven't done everything, but hopefully these suggestions could help you out. 1. Lending cryptocurrency on "money markets" Probably th...

Aave V2 Hits Public Testnet

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Version 2 of decentralized lending protocol Aave (AAVE) has launched on the public testnet, according to a blog post published on Nov. 11. First announced in Aug. 2020, Aave V2 will bring a host of improvements to the platform, including debt tokeni...

E&S Token Review: Aave

15 Nov 2020 3 minute read 2 comments MikeZillo

In the amazing growth of the various DeFi protocols in the first half of 2020, many new tokens made it into the top 100 by market capitalization. In this new article of my new: “Easy & Short Cryptocurrencies Made Accessible” section, I want to introd...