Latest Posts with Aave (LEND) tag

Aave (LEND)

216 Articles 14,524 Followers

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.


Why Don't You Own an Aavegotchi?

3 May 2021 3 minute read 4 comments Andrew Fleming

First and foremost, what is an Aavegotchi? An Aavegotchi is simply an NFT piggy bank that earns interest. Relative to DeFi, I suppose that's not the most exciting thing. Did I mention that Aavegotchis are pixelated ghosts? I hope that piqued your int...

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...

Is Binance Smart Chain the Best for DeFi & Smart Contracts as Compared to Ethereum Chain?

2 May 2021 1 minute read 2 comments Defiant Pathfinder

As it is said no idea is original. It obvious someone might come up with something then somebody else might take that something and perfect it in every way he could trying by all means to get rid of all the bottlenecks  so than he can have a well cra...

January Update: Aaveversary, another migration, and MarketMake!

1 Feb 2021 1 minute read 8 comments Aave

Hello Aave Community! Hope your 2021 has been off to a good start! On January 8th we celebrated the 1st birthday of the Aave Protocol with a momentous $3B market size milestone and an epic Aaveversary community call. The first year was an incredible...

Aave Protocol Governance V2 has been activated!

18 Dec 2020 3 minute read 27 comments Aave

The Aave Protocol V2 launched just over a week ago, and has rapidly grown in market size, now reaching over $98M. The V1 → V2 migration tool has not even been released yet (Soon™), so this growth is particularly Aavesome. Last week, there was a gover...

Derived Markets and Turning Profits with Aavegotchi

14 hours ago 5 minute read 0 comments Andrew Fleming

*This article is part 2 of "Why Don't You Own an Aavegotchi?" **For a thorough summary of Aavegotchi, please see the Aavegotchi Wiki and AavegotchiStats. As a refresher from the former article, I stated: Generally, the most successful cryptocurrenc...

DeFi resurgence lifts Maker, Aave and Compound cost to new highs

4 May 2021 2 minute read 0 comments BlaZZ

As Ethereum revitalized to new highs, the absolute worth secured different DeFi stages flooded above $10 billion, lifting MKR, AAVE and COMP toward new unsurpassed highs. Dissecting the action on loaning stages can here and there be utilized as a gau...

AAVE is getting ready for second leg up!

27 Mar 2021 1 minute read 0 comments amtraderpro

Hi guys! After over a month of consolidation I believe AAVE is ready to take off. There was an accumulation period of approximately six weeks where the price was trading within the limits of the rectangle that I marked on the chart. A falling triangl...

DEFI tokens indicated by trader

20 Mar 2021 1 minute read 0 comments Medal182

There was an article that I thought was important to share, talking about some tokens that a trader indicated in March to make a profit in April. For those who like to practice trader, the article says: 1 Token: "1inch (1INCH)The first token mentione...

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...