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.


Catching the rise in Polygon, the first useable Layer 2 solution on Ethereum

28 Apr 2021 2 minute read 2 comments Chris Chen

If you’ve been following the top 50 coins by market cap, you might have seen the rise of MATIC (Polygon network tokens). From mid march to a few days ago, it’s been stuck between $0.2 and $0.4 but in the last couple days it's shot up to $0.7, what’s...

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,...

Aave will launch solution for the high transaction fees of the Ethereum network

3 Apr 2021 1 minute read 6 comments Simplify Crypto

The DeFi Aave platform has developed a second layer solution for Ethereum Polygon. With the project underway, Aave intends to solve the problem of congestion and high rates on the Ethereum network. The announcement was made in an article on the Polyg...

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 is getting ready for second leg up!

27 Mar 2021 1 minute read 0 comments amtraderpro

Hi guys! After over a month of consolidation I believe AAVE is ready to take off. There was an accumulation period of approximately six weeks where the price was trading within the limits of the rectangle that I marked on the chart. A falling triangl...

AAVE's exciting 10 day Round-Up

26 Mar 2021 1 minute read 3 comments Joker1919

                                March 16th - AAVE protocol launches AMM liquidity pool to enable liquidity providers on UNISWAP and Balancer to use their LP tokens as collateral on AAVE. See list of both UNISWAP tokens + Balancer tokens here.March 17...

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...

DEFI tokens indicated by trader

20 Mar 2021 1 minute read 0 comments Medal182

There was an article that I thought was important to share, talking about some tokens that a trader indicated in March to make a profit in April. For those who like to practice trader, the article says: 1 Token: "1inch (1INCH)The first token mentione...

AAVE x AMPL a Match Made in Heaven

19 Mar 2021 3 minute read 5 comments Brawnd0

Aave, originally called ETHLend, is considered to be one of the OG’s of the DeFi. It’s one of the top 3 DeFi projects by total value locked and it made it here by pushing the boundaries of what we can do with money, most notably including flash loans...

Alt Market Overview. March 01-11, 2021

11 Mar 2021 1 minute read 1 comment Sir Loin

The news about the integration of the Nash project with the Aave platform increased the value of the #NEX token at its peak by 25%  The announced strategic partnership with LinkDNS by representatives of the High Performance Blockchain led to a 20% i...