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.


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...

Aavenomics Quarterly Upgrade

11 Jan 2021 1 minute read 0 comments Aave

In September, 2020, the Aave Protocol began the initial phase of the Aavenomics. In this genesis phase, $AAVE holders could stake their AAVE in the Safety Module and earn Safety Incentives, but stakers didn’t have the additional responsibility of sec...

Bitcoin (BTC) dominance has been showing bullish divergence and is moving up ! Will Altcoins continue to bleed in the next few weeks ?

21 Sep 2020 4 minute read 10 comments Djordi

Hi everyone, I was checking the good old Bitcoin dominance this morning and I decided to share it with you. We will see what this could possibly mean for Altcoins in the next couple of weeks. Here is a weekly chart of the dominance compared to the Al...

Decentralised Finance

23 Apr 2021 3 minute read 1 comment jag28

Decentralised Finance, commonly referred to DeFi, is a branch of the cryptocurrency space geared towards providing open alternatives to the financial services we have in everyday life. The aim is to increase accessibility for services such as loans,...

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...

Bypassing Ethereum Network Congestion (AAVE/POLYGON)

1 Apr 2021 1 minute read 1 comment kev_nag

Currently there is approximately $43 billion locked in DeFi lending protocols. AAVE is the third largest in this DeFi sector, with both retail and institutional customers, and has a market size of approximately $5.41 billion. Being built on ETHEREUM,...

Aave V2, The Seamless Finance

19 Aug 2020 4 minute read 16 comments Aave

  After months of work, it’s time for Aave to leave phase 1 and announce a new version of the Aave Protocol. As expected, Aave V2 will continue to push the limits of what is possible with Decentralized Finance. What started as the underdog of DeFi,...

5 Most Important DeFi Breakthroughs of Q3 2020

17 Sep 2020 8 minute read 9 comments yourmitchy

DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...

$YLD About to Eat $AAVE's Lunch

25 Feb 2021 3 minute read 5 comments kevW!ls0n

Few realize the amount of idle ERC-20 capital just sitting on the sidelines, watching all the Stablecoins, Ether, Wrapped Bitcoin, and “Blue Chip” alts get utilized in DeFi lending platforms like Aave and Compound.  Sure, these assets have a lot of l...

AAVE and GRT come to DeFiBids. Plus a $10K USDC Auction (The Biggest Yet).

17 Jan 2021 1 minute read 0 comments ShillzAndThrillz

Today brings the announcement of two new hot DeFi tokens making their debut over on the perpetual crypto auctioning platform that is DefiBids, in the form of the first ever lowest unique bid format auctions for both AAVE and GRT.  AAVE is the decentr...