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.


We do not trust them ... remembering Libra

26 Oct 2020 2 minute read 1 comment alquimista1501

It is always good to remember some things within the cryptographic world. Even though this environment is not really more than 15 years old in the public space, many of the olive initiatives are relevant at this moment to be able to evaluate points o...

Institutions Load up On Crypto, Next Comes the Herd; Flamingo.Finance $FLM, $BZRX, $AAVE, $UMA, $KAVA

16 Oct 2020 1 minute read 6 comments Aware1

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DeFi Unlocked: How to Earn Crypto Investment Income on yearn.finance.

23 Oct 2020 6 minute read 0 comments Rollerkid

  As the decentralized finance (DeFi) landscape continues to grow, capital inflows are on the rise, suggesting that - despite some bubble attributes - DeFi might remain a part of the digital asset markets in the years to come. In our DeFi Unlocked s...

Venezuela Update - 367 Bitcoins traded last week

20 hours ago 2 minute read 3 comments Permabull

Checking last week's statistics, 367 BTC were traded in Venezuela on LocalBitcoins. The number is quite a bit down from 406 BTC, traded the week before, buying and selling BTC/FIAT. 367 BTC is over 2,000,000,000,000 Bs. (Bolivares). One Bitcoin (BT...

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13 Oct 2020 6 minute read 28 comments Chenhuang_defi

Unlike the banking world, cryptocurrency platforms offer you quite lucrative returns on any deposits that you put inside a specific protocol.Typically, you would be lucky if a bank would provide you with an interest rate above 0.5% in today’s climate...

DeFi Pulse Introduces Safety Rating Metric

14 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

DeFi data platform DeFi Pulse has launched a new safety rating metric in partnership with digital asset modeling platform Gauntlet, according to an announcement made on October 14. DeFi Pulse and Gauntlet launched the alpha version “Economic Safety...

Interesting Market Cycle

28 Oct 2020 1 minute read 0 comments belemo

I'm pretty sure that everyone else has noticed the weekday to weekend trend that virtually all cryptocurrencies in the market have been following. I'm a long term hodler, rather than a day trader, so I generally avoid the Swift buys and sells, h...

DeFi: Went Down the Rabbit Hole... Happily Ever After?!

13 Oct 2020 5 minute read 6 comments tomoyan

I don't know how many people did this but I went down the hole couple weeks ago 👇 DeFi: Went Down the Rabbit Hole and Look What I Found ($50?!) And this is the result... which was supposed to be announced LAST WEEK. Rabbit Hole was working on improve...

The ECB prepares its "digital euro".

3 Oct 2020 4 minute read 21 comments Roberto D.

Central banks have been thinking about this for quite some time. A digital currency under their control that pushes the countless electronic currencies that have proliferated over the last decade to the margins. A day ago, the European Central Bank a...

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...