Latest Posts with Aave (LEND) tag

Aave (LEND)

153 Articles 184 Followers

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.


Aave Protocol V2 Launches on Mainnet

5 hours ago 1 minute read 1 comment Abhimanyu Krishnan

The Aave (AAVE) protocol launched its V2 upgrade on the mainnet, the team announced in a blog post published on Dec. 3. Aave V2 brings several new features, including yield and collateral swaps, upgrades to flash loans, collateral repayments, native...

The Aave Protocol V2

6 hours ago 6 minute read 0 comments Aave

It’s the moment we’ve all been waiting for… V2 of the Aave Protocol on mainnet! The Aave Protocol V1 launched at the beginning of this year, with the goal of unlocking value in DeFi and improving the user experience. The protocol quickly grew to over...

The king of DeFi

10 hours ago 1 minute read 0 comments gezimm

  DeFi is considered one of the fastest growing crypto trends, which can transform insurance, loans and savings programmes, making them independent from banks and other centralised financial institutions. The cryptocurrency forecasts 2021 can’t but...

Three more, must watch videos to celebrate 400 followers

11 hours ago 1 minute read 2 comments Permabull

Just reached 400 followers and as a “Thank You” I would like to share another three incredible videos every single person interested in crypto should watch. Before I start I want to say I honestly appreciate every single one of you, I'm so glad someb...

Colombia update - 169 Bitcoins traded last week

3 Dec 2020 1 minute read 5 comments Permabull

Checking last week's statistics, 169 BTC were traded in Colombia on LocalBitcoins. The number is a bit down from 181 BTC traded a week before. Although, the volume is slowly slipping down from 760 BTC per week in February 2019. 169 BTC is about 11,0...

My Publish0x earnings - November

2 Dec 2020 1 minute read 26 comments Permabull

First, I would like to say thank you to all my readers for keeping up with me. I honestly have no idea why but I'll work hard to improve my writing style so the articles are less painful to read. I've realized that without you, I wouldn't make any ea...

Venezuela Update - 228 Bitcoins traded last week

1 Dec 2020 2 minute read 3 comments Permabull

Checking last week's statistics, 228 BTC were traded in Venezuela on LocalBitcoins. The number is quite down from 274 BTC, traded the week before, buying and selling BTC/FIAT. 228 BTC is over 4,000,000,000,000 Bs. (Bolivares). One Bitcoin (BTC) is c...

Aaves' Cave

30 Nov 2020 1 minute read 0 comments Luckymercy

         Okay it's official, I don't know much about cryptocurrency because I'm new to this crypto thingy. So I decided I'm going to task myself to learn the basics of at least coin or token a day.  Either existing or newcomers. Today I opted to lear...

5 Facts About use Bitcoin PayPal

30 Nov 2020 1 minute read 7 comments Coincobra

  Fact 1 On October 21 it was announced by PayPal that from the beginning of next year, 2021, this giant company will accept payments through cryptocurrencies Bitcoin, Bitcoin cash, Ethereum and Litecoin. Fact 2 PayPal has a partnership with approx...

Top 10 Bitcoin songs

30 Nov 2020 1 minute read 8 comments Permabull

Just watched a new music video of this incredible artist named Lil Bubble and realized I wanted to do an article with a few of my top Bitcoin songs. Here it is: 1. Lil Bubble - Never Ever (selling back to tether). The song is based on Never Ever Gett...