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.


Decentralized Finance Which Fought their way UP

30 May 2021 2 minute read 2 comments Defiant Pathfinder

It is so exciting Seeing how Decentralized Finance (DeFi) fought their way to the top. Its no lie that DeFi is making headlines these days as investors and traders are now much into it. How Did they Manage to Do So Back in the days even up to now inv...

Technical and Price Analysis- MKR, AAVE, DOT, LINK, SNX- JUN 13, 2021

13 Jun 2021 1 minute read 6 comments Hsksks

We all want to know the next best altcoin. Some of the contenders are MakerDAO, Aave, Polkadot, Chainlink and Synthetix. MKR MakerDAO envisions to make Stablecoin ecosystem mainstream. The market price stood at $2,980.2 at 3:15 AM UTC. It has a gain...

Aave Founder Announces Plans to Create Twitter on Ethereum this Year

19 Jul 2021 2 minute read 0 comments FxCryptoNews

Stank Kulechov, founder and CEO of Aave, stated that the DeFi platform plans to establish a Twitter alternative on Ethereum this year. Through this platform, users can monetize their content and manage network rules. Kulechov wants Content Creators t...

Main Difference Between Token Farming & Token Staking

25 Jun 2021 1 minute read 8 comments Defiant Pathfinder

Farming and Staking are 2 different things and they both have different characteristics which distinguish them from each other. Lets do a breakdown analysis and see how they differ. They differ in what ways exactly? Farming or Token Yield Farming is...

3 Top Altcoins To Explore: Institution-Ready DeFi Projects that surged 72.8% in the last 7 days | KuCoin Weekly Review Issue #28

6 Jul 2021 3 minute read 5 comments KuCoin Blog

Despite the tough times faced by Bitcoin, it has managed to end the week in the green. It made it up to $36,595 in the middle of the week before dropping again. Otherwise, there was not too much news coming out about BTC this week, which is lik...

7 stablecoins farming strategies to earn up to 54% APY on polygon

18 May 2021 5 minute read 7 comments Chris Chen

Since polygon chain has launched only a couple months ago, the governance has been incentivizing the exchanges and DEX with MATIC tokens. There are many tokens you can use to farm these incentive rewards, however, I am a conservative investor and lik...

Bears are Not Done Yet with MAKER & Aave

3 Jun 2021 1 minute read 12 comments Defiant Pathfinder

If you don't look beyond those bullish candles you might be fooled and thing that its a bullish reversal on Aave and Farm token. The market is stil in the hands of the bears maybe they might be losing steam but they still holding on to that grip. Rev...

Newbie Quest: Understanding Aave (AAVE)

6 Feb 2021 5 minute read 18 comments Steven_BA

A new post from the Top 100 crypto-currencies is live today. I will cover a very interesting coin. But before starting and telling you what it is about, I will start with a short story: few months ago, actually it was October 2020, I've heard for the...

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 ...

Ethereum based DeFi and Smart Contracts Empowering Ethereum

7 Jun 2021 1 minute read 9 comments Defiant Pathfinder

There is no doubt that Ethereum has become the biggest crypto currency now. Bitcoin might be on top and dominates more than Ethereum but if we are to look at services being provided then Ethereum will win. Bitcoin is just used as a currency but Ether...