Latest Posts with Aave (LEND) tag

Aave (LEND)

203 Articles 11,708 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'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...

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

3 Apr 2021 1 minute read 5 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,...

What Does Ethereum's Fail Mean for Other Big Alts?

28 Mar 2021 4 minute read 29 comments AlucardLife

Unless you've been under a rock, you know about the Ethereum Network's huge scaling fail. Optimism, the temp fix for the temp fix before Ethereum 2.0, was pushed back. It is now coming in July. We have yet to really see any price action in ether base...

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...

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...

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...

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...

Yield farming - a primer

21 Mar 2021 6 minute read 1 comment 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 Flash Loans

18 Mar 2021 2 minute read 1 comment RelyOnCrypto

A flash loan is a feature that allows you to borrow any amount of assets from a specified smart contract pool without having to put up any collateral. Flash loans are useful Decentralized Finance building blocks because they can be used for arbitrage...