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.


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...

Aave Protocol Governance V2 has been activated!

18 Dec 2020 3 minute read 23 comments Aave

The Aave Protocol V2 launched just over a week ago, and has rapidly grown in market size, now reaching over $98M. The V1 → V2 migration tool has not even been released yet (Soon™), so this growth is particularly Aavesome. Last week, there was a gover...

3 Altcoins To Keep Tabs On - AAVE, UNI, CRV | KuCoin Weekly Review Issue #6

26 Jan 2021 2 minute read 3 comments KuCoin Blog

Bitcoin’s price has been on a roller coaster over the last week. According to the moves of KuCoin’s BTC/USDT trading pair, Bitcoin fell to as low as $28,856 on January 22, and picked up to $33,814 within the following 24 hours. Over the same period,...

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!

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...

AMPL One Step Closer to Aave

18 Jan 2021 1 minute read 6 comments Abhimanyu Krishnan

Ampleforth (AMPL) co-founder Brandon Iles has provided an update on the listing of AMPL on Aave. In a post made on Jan. 15, Iles said that a formal AIP had been created and that initial testing is underway. Brandon Iles first suggested the addition...

Reading to coffee #6

13 Jan 2021 1 minute read 2 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...

Layer2 Coming Soon On Synthetix, Uniswap, Aave and Loopring

19 Jan 2021 2 minute read 7 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

If you are not large holders, it is not convenient to stake tokens on Ethereum's DeFi platforms because the gas is too high. Likewise, there is no incentive to provide liquidity. A scalability solution could come from "Layer2" that some platforms are...

Ethereum Creeps on All-Time High After Smashing Through $1000 Threshold While Gas Fees Soar; BTC Hit Another All-Time High

6 Jan 2021 1 minute read 2 comments bettercallpaul

Ethereum Creeps on All-Time High After Smashing Through $1000 Threshold While Gas Fees Soar; BTC Hit Another All-Time High Good morning everyone!  Yesterday did not see me complete my normal update due to a doctor's appointment, but I wanted to t...

The crypto market exceeds $ 1 trillion for the first time in history!

8 Jan 2021 2 minute read 2 comments Roberto D.

The market capitalization of cryptocurrencies surpassed $ 1 trillion for the first time in history. The sector is driven by Bitcoin, which continues to gain investor confidence. The market capitalization of cryptocurrencies has exceeded 1 trillion do...