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.


$POLX Of Polylastic Lists On Kucoin And Approaches 100X? But Why? Can $POLX 1000X?

12 May 2021 2 minute read 0 comments surpassinggoogle

  $POLX Of Polylastic Lists On Kucoin And Approaches 100X? But Why? Can $POLX 1000X? #KICKPAD #Polylastic #binancesmartchain $POLX, a binance smart chain cryptocurrency introduces itself to the public with a listing on Kucoin and Pancakeswap. To pul...

Decentralized Finance and Token scams

7 May 2021 1 minute read 2 comments Defiant Pathfinder

In this technological era we live in if you want to succeed in the business and investment field, you have to find the problem and then you create and offer solution. That s the ethnics of business. So in the current world we in the problem is everyt...

Is Coin Staking and Farming entirely Safe?

6 May 2021 1 minute read 6 comments Defiant Pathfinder

Token staking and farming are trending these days. With crypto currencies like Bitcoin, Proof of Work is used and miners are rewarded for each block mined but on Tokens Proof of stake is used and investors are rewarded for staking their tokens to pro...

Derived Markets and Turning Profits with Aavegotchi

6 May 2021 5 minute read 0 comments Andrew Fleming

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Clash of The Titans in the Crypto Market

5 May 2021 1 minute read 1 comment Defiant Pathfinder

There is a saying which says whatever goes up must come down, that is what happening in the crypto market right now. A lot of crypto cryptos were bullish but the majority now seem to be losing steem and they are starting to fall sad the bears are cha...

WHAT IS AAVE ABOUT?

4 May 2021 3 minute read 0 comments PorshDan

When I saw AAVE, the first thing that came in mind was African American Vernacular English which is not grammatical in standard English. Occasionally as (Ebonics), simply as Black English (BE), is the variety if English natively spoken, particularly...

Why Don't You Own an Aavegotchi?

3 May 2021 3 minute read 4 comments Andrew Fleming

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2 May 2021 1 minute read 2 comments Defiant Pathfinder

As it is said no idea is original. It obvious someone might come up with something then somebody else might take that something and perfect it in every way he could trying by all means to get rid of all the bottlenecks  so than he can have a well cra...

Sin Eater -> Virtue Nibbler AAVE Transition Experiment

1 May 2021 1 minute read 2 comments Average Jo

Stage 1 (Fiat Debt Reduction) As part of my transformation from Sin Eater to Virtue Nibbler, I plan to lock it down with an AAVE experiment. For the purposes of this experiment, consider the Sin Eater as the one caught in Fiatville and the Virtue Ni...

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...