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.


Centralized exchanges owe there customers quality customer service

23 Aug 2020 1 minute read 1 comment Andann427

The crypto space and it’s defi products are a burgeoning and exciting market ever evolving and exploding, shattering records and crowing new Kings. Whether it be compound finance, aave, yearn finance or any of the up and coming protocols all of it is...

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19 Aug 2020 1 minute read 0 comments HAMZA-1997

There are a lot of ways to earn crypto now a days few of them we have discussed earlier which you can read here ways to earn crypto. WRITING You may want to consider becoming a Crypto reporter or article writer. With the development of the crypto ind...

Full List of DeFi Lending Projects & Protocols

19 Aug 2020 3 minute read 3 comments D3F1

1. Aave GET IT HERE Aave is a DeFi Money Market Protocol that allows users to easily earn interest by depositing cryptocurrency into the protocol. Additionally, it allows users to take out loans from the protocol with a specific rate of interest at...

DeFi May Be Overestimated by Nearly 3 billion

19 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The DeFi market’s locked in value might be inflated by nearly $3 billion, according to Encode Club founder Damir Bandalo. In a tweet posted on August 17, Bandalo said that he had calculated how much was locked in protocols and found a disparity. Ban...

DeFi Guru Aave New Governance Model Launched on Testnet

17 Aug 2020 1 minute read 1 comment SXNXW

Today Aave is taking a big step toward more decentralization. The governance module of Aave is live on the Ropsten Testnet! — Isabel Kivlighan, Digital Marketing Manager The Aave team continues its path towards more decentralization with the launch...

Aave Wants to Tokenize Mortgages

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Defi lending protocol Aave (LEND) is looking to tokenize mortgages as a part of its v2 upgrade, according to an announcement made on August 14. Aave has partnered with real estate tokenization firm RealT to make mortgages accessible via the DeFi spa...

ETHLend Crypto Project - Get a crypto loan without selling your cryptocurrencies

13 Aug 2020 1 minute read 0 comments NassiroV

ETHLend is an innovative platform for making loans between individuals. It is a DAPP, a decentralized application, which runs on the Ethereum blockchain. The initial goal of the developers is to allow the users to access the loans and standardize int...

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...

Aave $Lend support was added Polarity.Exchange latest wallet version upgrade 1.1

10 Aug 2020 1 minute read 0 comments Samurai6

The final week of Polarity.Exchange initial token listing expansion has come to a conclusion. That being said we are closing this event with one final token listing! Aave #Ethereum #Defi lending platform also known as $Lend. We would like to thank ev...

Aave Carries Out First Credit Delegation Transaction

7 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 6, decentralized lending and borrowing platform Aave (LEND) processed its first credit delegation transaction. The credit delegation feature provides trusted uncollateralized to users. A line of credit of $500,000 was offered to DEX Devers...