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.


Publish0x Users Rejoice! Ampleforth doubles in price over a few days!

26 Jul 2021 1 minute read 4 comments 3NiGMa

Greetings fellow cryptoheads! Ampleforth is one of the tipping tokens in Publish0x, and has always been a slightly lower-key coin. However, after it's inclusion in Aaves new trading platform, Ampl has skyrocketed over 70% in two days, and over 200% i...

DeFi Giant Aave Explodes into the Hulk of Institutional DeFi.

4 Aug 2021 1 minute read 0 comments Joe Salameh

The Aave's DeFi protocol allows users to stake their coins providing liquidity, in turn participants can burrow funds from the liquidity pools provided by the said users (for those providing sufficient collateral). Borrowers then in turn repay funds...

AMPL Becomes 100% Utilized on AAVE in Less Than 24 Hours

25 Jul 2021 3 minute read 1 comment zacharias

25 July 2021:  In less than 24 hours after the official launch of Ampleforth borrowing/lending on the DeFi platform Aave, AMPL reached 100% utilization.  This means that no more AMPL is available for borrowing at this time.  This is a monumental boos...

How Defi Projects Use Chainlink Oracles

13 Jul 2021 3 minute read 9 comments Crypto Adventure

Chainlink is a crypto oracle network introduced in 2017 to provide oracle solutions to the crypto and Defi world. Oracles are tools designed to provide data feeds from the non-blockchain world(off-chain) to the blockchain and smart contract world(on-...

Token types to analyse and Invest on

8 Jun 2021 1 minute read 6 comments Defiant Pathfinder

When investing its not all about buying and storing or staking tokens. You have to select, analyze and diversify your portfolio. Imagine you invest only in the Meme tokens and then after keeping them for years you then discover they do not have much...

All you need to know about - AAVE protocol

25 Jul 2021 12 minute read 2 comments Mishal Alexander

Aave? What is it? Is it a crypto trading platform? Can I make money on Aave? Is Aave a trustworthy place to do transactions? If you have any of these questions in your mind, then you are in luck. Because today's topic of discussion is Aave. I strongl...

DEFI Storm Is Approaching…

8 Jul 2021 1 minute read 10 comments Nas.A

  Hello to my friends who love life and always smile despite all kinds of negativity. In these days of negative news, Bitcoin is moving in a narrow band. Meanwhile, news about positive developments on the side of Ethereum and DEFI began to come. Let'...

Impermanent Loss Liquidity Pools Explained and How to cope with it

13 Jun 2021 1 minute read 13 comments Defiant Pathfinder

DeFi and Yield Farming are getting popular each and every day as investor are depositing their tokens into liquidity pools so that they can get as many tokens as they can. There is what called impermanent loss and most investors do not pay attention...

Index Governance and Updates - Ready for DeFi summer

25 Jul 2021 2 minute read 2 comments PVMihalache

Index Coop is the project where I am active in voting and governance. I made a habit to bring my contribution even if my share is huge. One of the things I appreciate with the #IndexOwl is the high level of snapshots. Every decision that is linked to...

Aave To Launch Decentralized Twitter Alternative

20 Jul 2021 1 minute read 4 comments egamersio

Aave – the largest De-Fi protocol with a $10.8 billion in total value locked across Ethereum and Polygon – has announced to launch an alternative social media platform to Twitter based on the Ethereum blockchain by the end of this year. According to ...