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.


Aave Launches New Features and Listings

17 Jul 2020 4 minute read 15 comments Aave

  The Aave team has been hard at work to provide new features and assets in the protocol for the Aave Fam! As always, synergies within the ecosystem and brand new functionalities are on the menu this week. We’re happy to introduce new risk parameter...

DeFi Index On FTX At All Time Highs!

17 Jul 2020 2 minute read 1 comment Sapphire

Spreading The Risk In one of my recent posts "FTX And Their New DeFi Index - Gain Exposure To The Top 11 DeFi Projects!", I made mention of the benefits of investing in an index when it comes to a new asset class such as DeFi. We had a look at the ne...

Aave Adds Support for Enjin and REN, and Brings Fiat Onramps

17 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

On July 17, DeFi lending and borrowing platform Aave (LEND) announced several new changes to its platform, including listing the Enjin (ENJ) and Ren (REN) assets. In addition, it has introduced fiat onramps and updates to its risk parameters.  The a...

DeFi Platform Aave's Strategic Investors Deepen Collaboration as Investment Raises $4 million

16 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Lending platform Aave has announced a series of ways in which strategic investors 3 Arrows Capital and Framework Ventures will aid in its decentralization and growth, according to a blog post published on July 15.The two strategic investors have nett...

Aave Tokens Are Not Tracked On CoinMarketCap

15 Jul 2020 2 minute read 0 comments Creepto

Disclaimer: I do not represent, nor get compensated by any of the companies or projects mentioned in this article. I do not recommend using any of the products mentioned here - please do your own due diligence before risking your hard-earned money. A...

Muscovite Product Release

12 Jul 2020 1 minute read 1 comment Synthetix Network

This post is another entry in our regular series in which we fill you in twice a month on all the front-end updates we’ve made across our dApps and website. Stay tuned for more updates!   COMP, LEND, KNC, and REN are now available as binary options...

Aave (LEND) Launches Unsecured P2P Loans, LEND / USDT Drops After Meeting Resistance

11 Jul 2020 1 minute read 0 comments PassionCryptodotcom

Loan Protocol Aave has rolled out a new service on Ethereum which allows users to take out unsecured loans.  Users who deposit an asset on Aave can now "delegate" a line of credit to another person. The parties involved in the process must sign a le...

Aave Launches Trusted Uncollateralized Loans Through New Feature Credit Delegation

8 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

In a twitter post published on July 7, founder and CEO of decentralized lending and borrowing protocol Aave Stani Kulechov revealed a new feature called Credit Delegation, which lets users borrow on the Aave platform without posting collateral. Aave...

Balancer is the Fastest-Growing DeFi Platform since June 1

7 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Head of cryptocurrency investment fund DTCC Capital Spencer Noon posted a tweet on July 7 that underscores the growth that the defi market has experienced in June, with numerous protocols displaying tremendous growth since June 1. The data can also b...

Basic Atention Token & AAVE (LEND) could generate gigantic GAINS against BTC.

6 Jul 2020 3 minute read 2 comments Crypto adict (Manu VZ)

Hello family, today we will analyze the behavior in the following weeks of, BAT & AAVE. BAT / BTC Basic Attention Token Coin # 32 in the Coinmarketcap ranking with a total market capitalization of 40,368 BTC and a Volume for the last 24 hours of 8317...