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.


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...

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...

Decentralized Finance Exchange vs Cetralized Finance Exchange Platforms

24 May 2021 1 minute read 0 comments Defiant Pathfinder

Hi guys i am back again, i hope you are all well. On this article i am going to look and do the comparison on Decentralized Finance Exchange Platforms and Centralized Finance Exchange Platforms. In these crypto industries we have a lot of exchange pl...

How To Be a Crypto Millionire Starting With 100$

6 May 2021 2 minute read 14 comments Saikot

Yesterday, I was watching a youtube video from my favorite Youtuber's channel. The title was the same as this article. I saw the video again; I repeat the video to understand the summary properly.  The compound is like a wonder of our world. If one...

Do You Know TRUST WALLET?

4 Dec 2020 1 minute read 8 comments Coincobra

Trust is Binance's official wallet but unlike Binance itself it works only as a mobile application. that is, if you want to take a look at your instances on a conventional desktop computer you won't be able to. Trust Wallet has good options for crypt...

5 Most Important DeFi Breakthroughs of Q3 2020

17 Sep 2020 8 minute read 9 comments yourmitchy

DeFi continues to grow at an unprecedented pace, and its very difficult to keep up with the crucial breakthroughs occurring. As a result, I wanted to weed out the most important breakthroughs that we have witnessed in Q3 that are bound to take the en...

Aave V2, The Seamless Finance

19 Aug 2020 4 minute read 16 comments Aave

  After months of work, it’s time for Aave to leave phase 1 and announce a new version of the Aave Protocol. As expected, Aave V2 will continue to push the limits of what is possible with Decentralized Finance. What started as the underdog of DeFi,...

Sin Eater -> Virtue Nibbler AAVE Transition Experiment: Update 1

2 May 2021 2 minute read 0 comments Average Jo

I know I said weekly updates... but! One of those pesky credit cards requires a payment so I decided to break my LTV rule and send $1000 to start the paydown process (and get them off my back!) while the gas fees remain super low and ETH appears poi...

POLYGON MATIC ECOSYSTEM AND ITS 5 STRONGEST PROJECTS !!

22 May 2021 3 minute read 1 comment Abrogo

After the impressive appreciation of Polygon, investors have turned their eyes to the projects that make life in this ecosystem. That is why we bring you a compilation of a series of interesting projects from this ecosystem so that you are the one to...

There's a reason these coins are the biggest gainers last week on Stormgain

18 May 2021 3 minute read 1 comment derbycuzxrp

Last week's biggest gainers on Stormgain    Last week saw se  massive bearish movement on the cryptocurrency markets with bitcoin dropping all the way to 42000 USD . The market had some awesome gains with Eth rising past 4000 USD and BCH spring to 13...