Latest Posts with Aave (LEND) tag

Aave (LEND)

248 Articles 20,747 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.


Aave V2 is Available on Public Testnet!

18 Nov 2020 1 minute read 5 comments Aave

  A while ago, the Genesis Team released this plan outlining some features to expect with Aave V2, making finance a more seamless experience. Today, Aave V2 is live on the Kovan testnet, and you can check it out here. Since the beginning o...

Decentralized Finance and Token scams

7 May 2021 1 minute read 2 comments Defiant Pathfinder

In this technological era we live in if you want to succeed in the business and investment field, you have to find the problem and then you create and offer solution. That s the ethnics of business. So in the current world we in the problem is everyt...

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...

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...

Clash of The Titans in the Crypto Market

5 May 2021 1 minute read 1 comment Defiant Pathfinder

There is a saying which says whatever goes up must come down, that is what happening in the crypto market right now. A lot of crypto cryptos were bullish but the majority now seem to be losing steem and they are starting to fall sad the bears are cha...

Top Things You Should Know About Aave (LEND)

13 May 2020 9 minute read 5 comments MuyAsk

Hey guys :) I’m back with another exciting Q&A piece for a crypto that’s been performing extremely well as of late – Aave (LEND). Aave is an innovative DeFi lending & borrowing protocol with a cryptocurrency token (LEND) which offer unique services s...

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...

There’s Big Money In AMPL ft. AAVE

15 Mar 2021 3 minute read 5 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...

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...