Latest Posts with Aave (LEND) tag

Aave (LEND)

216 Articles 14,526 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.


Yield farming - a primer

21 Mar 2021 6 minute read 2 comments NakedCryptoMole

Introduction - DeFi and Yield Farming Let's talk a bit more about DeFi and Yield Farming. What is so special about decentralized finance (DeFi) and why is everyone talking about it? Defi is basically permissionless, meaning that there is no central i...

WHAT IS AAVE ABOUT?

4 May 2021 3 minute read 0 comments PorshDan

When I saw AAVE, the first thing that came in mind was African American Vernacular English which is not grammatical in standard English. Occasionally as (Ebonics), simply as Black English (BE), is the variety if English natively spoken, particularly...

Lending and Borrowing on DeFi

17 Mar 2021 3 minute read 1 comment RelyOnCrypto

The whole concept is usually very simple when taking out a vehicle loan or a mortgage, borrowers receive funding from lenders in exchange for returns on their deposits. Borrowers or loan takers are happy to pay interest on the funds they borrow in re...

DeFi Flash Loans

18 Mar 2021 2 minute read 1 comment RelyOnCrypto

A flash loan is a feature that allows you to borrow any amount of assets from a specified smart contract pool without having to put up any collateral. Flash loans are useful Decentralized Finance building blocks because they can be used for arbitrage...

There’s Big Money In AMPL ft. AAVE

15 Mar 2021 3 minute read 4 comments Chenhuang_defi

$AMPL getting featured on Aave is inevitable, we already know that. But do you know how much money this will bring to $AMPL?  Let me fill you in on a little secret. It’s BIG, really BIG.  Here’s how I know: You know the Coinbase effect, right? When a...

Sin Eater -> Virtue Nibbler AAVE Transition Experiment: Update 1

2 May 2021 2 minute read 0 comments Average Jo

I know I said weekly updates... but! One of those pesky credit cards requires a payment so I decided to break my LTV rule and send $1000 to start the paydown process (and get them off my back!) while the gas fees remain super low and ETH appears poi...

DeFi Lending Platforms Comparision Reveals the Most Undervalued One

9 Mar 2021 2 minute read 8 comments Li_KungFu

DeFi is a nascent industry and with that, it moves incredibly fast. So fast, in fact, that 2/3-year-old platforms can become obsolete, creating space for newcomers to innovate upon their ideas. This rule applies to every niche within DeFi and we’re w...

Aave DeFi Overview: Borrow & Lend Crypto

7 Mar 2021 4 minute read 2 comments MintDice.com

Another cryptocurrency which has recently come onto the radar of a number of traders is Aave. Some of you may be wondering what Aave is and what does it do. Well you may be surprised to discover that, despite its recent rise to fame, Aave isn’t actua...

How To Be a Crypto Millionire Starting With 100$

35 minutes ago 2 minute read 1 comment Saikot

Yesterday, I was watching a youtube video from my favorite Youtuber's channel. The title was the same as this article. I saw the video again; I repeat the video to understand the summary properly.  The compound is like a wonder of our world. If one...

The State of Crypto: The Highest Gains for January 16, 2021

16 Jan 2021 6 minute read 11 comments bettercallpaul

The State of Crypto: The Highest Gains for January 16, 2021 by W. Paul Alexander for Better Call Paul Blog See my latest article here: --->  January 19, 2021 - Alt Season Picks up Steam!