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.


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12 May 2021 2 minute read 0 comments surpassinggoogle

  $POLX Of Polylastic Lists On Kucoin And Approaches 100X? But Why? Can $POLX 1000X? #KICKPAD #Polylastic #binancesmartchain $POLX, a binance smart chain cryptocurrency introduces itself to the public with a listing on Kucoin and Pancakeswap. To pul...

Going Long (or Short) with Aave

7 May 2021 3 minute read 1 comment RockHoward

In my recent log post about Aave I introduced the idea of borrowing for profit. In Play #1 I mapped out a safe and sure method to enhance interest earned. Today we take a look at how to leverage Aave (pun intended), to achieve various purposes by tak...

Decentralized Finance and Token scams

7 May 2021 1 minute read 2 comments Defiant Pathfinder

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It Pays to Borrow on Aave

7 May 2021 7 minute read 2 comments RockHoward

Today we start looking at the Aave Lending Dapp and we will go over the first real DeFi play from my playbook. This is a great time to try Aave as special promotions grant extra rewards to dapp users making it easy to goose your returns. You can even...

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6 May 2021 1 minute read 6 comments Defiant Pathfinder

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Derived Markets and Turning Profits with Aavegotchi

6 May 2021 5 minute read 0 comments Andrew Fleming

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5 May 2021 1 minute read 1 comment Defiant Pathfinder

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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...

Why Don't You Own an Aavegotchi?

3 May 2021 3 minute read 4 comments Andrew Fleming

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2 May 2021 1 minute read 2 comments Defiant Pathfinder

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