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.


Reading to coffee #6

13 Jan 2021 1 minute read 4 comments andrej

Welcome to sixth episode of reading to coffee.  Today topic is: INTERNET   1. Every day there is send more than 300 billions of e-mails. About 97% of them are spam. 2.  Internet is 11630 days old (today 13.1.2020) 3. YouTube upload to internet ever...

$30k to $1 million passively update: HUGE news!

2 Mar 2021 1 minute read 5 comments MadMaxx

First off, I know you like money. I do as well. I recently made a 65x on one coin in 13 days, and realising the times we're in, I know a ton of people could use that money. So I'm rebooting my telegram with tons of content again and will be sharing...

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

13 Oct 2020 6 minute read 29 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...

A Stimulus Bounce?

8 Mar 2021 1 minute read 5 comments The Lynx

I will not beat around the bush here. I am counting on a bounce to Bitcoin and altcoins upon the stimulus news. We are already seeing the beginning of it. This is the biggest stimulus package being passed to date, especially in light of the $1400.00...

DeFi Lending Alternatives to AAVE & COMPOUND

27 Jan 2021 3 minute read 7 comments Brawnd0

While AAVE and Compound shine bright in their deserved glory, there are smaller competitors out there working on getting a piece of the DeFi lending cake for themselves.  Just like in the real world, there are a ton of firms doing the same thing on t...

AMPL on Aave is a Win-Win for (Almost) Everyone

4 Jan 2021 4 minute read 6 comments Chenhuang_defi

While exploring the cryptoverse I recently stumbled upon this pretty old (in crypto terms) thread on Aave which sparked a snowball of thoughts that I just had to share in this piece. The above thread is a proposal for Aave to support $AMPL as a coll...

Do You Know TRUST WALLET?

4 Dec 2020 1 minute read 8 comments Coincobra

Trust is Binance's official wallet but unlike Binance itself it works only as a mobile application. that is, if you want to take a look at your instances on a conventional desktop computer you won't be able to. Trust Wallet has good options for crypt...

Aave Cryptocurrency (AAVE) Analysis

15 Feb 2021 1 minute read 0 comments Ayman Khalil

The Aave Cryptocurrency (AAVE) has been hitting a new high historical price at $ 581.667.   (AAVE) is trading now in a downtrend direction at the area of $ 467.000   Our view of the (AAVE) is preparing to grand jump for many higher areas that will be...

What is AAVE?

15 Feb 2021 1 minute read 2 comments chris04

What is AAVE? AAVE is the native governance token of the Aave protocol and is based on Ethereum's ERC-20 protocol. Aave, as detectable by Defipulse, is one of the main decentralized finance protocols (DEFI) and the AAVE token is among the largest DeF...

1Hive: Introduction to Agave ($AGVE)

15 Feb 2021 2 minute read 6 comments Blazarius120

Introducing $AGVE, or Agave, a decentralized non-custodial money market protocol where users can participate by borrowing or lending money through the application. Agave is a fork of Aave, built by the 1Hive community and deployed on the xDai chain...