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.


Crypto Loans - should you use your crypto as collateral or not?

9 Jun 2020 4 minute read 0 comments CKO

In the recent time, multiple fintech platforms offering crypto loan and earning programs were rising. Their core value they provide are loans backed up by crypto collateral - which means that you can borrow fiat money (mostly Euro or Dollar) if you d...

ETHLend (LEND) Crypto Project | Get a crypto loan without selling your cryptocurrencies

3 Feb 2020 1 minute read 1 comment NassiroV

Image Source ETHLend is an innovative platform for making loans between individuals. It is a DAPP, a decentralized application, which runs on the Ethereum blockchain. The initial goal of the developers is to allow the users to access the loans and s...

Aave dethroned MakerDAO in Total Value Locked with more than $1.44B available for Lending.

26 Aug 2020 1 minute read 0 comments alberdioni8406

Aave protocol have dethroned MakerDAO in Total Value Locked (TVL) in funds from customers for borrow and lending purposes. Accordingly with data supplied by DeFi Pulse the protocol have more than $1.44B locked in assets and is the second protocol...

Aave $Lend support was added Polarity.Exchange latest wallet version upgrade 1.1

10 Aug 2020 1 minute read 0 comments Samurai6

The final week of Polarity.Exchange initial token listing expansion has come to a conclusion. That being said we are closing this event with one final token listing! Aave #Ethereum #Defi lending platform also known as $Lend. We would like to thank ev...

DeFi Lender Aave Breaks Above $300 Million In Flash Loans

1 Sep 2020 1 minute read 0 comments CryptoBrowser

The fast blooming of the DeFi ecosystem pushed Aave, the leader in total value locked, to new record highs, as the lending protocol exceeded $300 million in flash loans since its creation. Aave went from $14 million in July to over $300 million, wher...

DEXTOKEN LEARNING AND EARNING

18 Oct 2020 1 minute read 0 comments Coincobra

    What is Dextoken (DEXG) ? It is a protocol that implements the DeFi ecosystem, still under construction, with the speculative tool AMM. AUTOMATED MARKET MAKER. What is AMM? It is a speculative tool that automatically evaluates and determines th...

Is It Too Late To Catch AAVE DeFi Lend Token After Surge? Watch Bullish Reversal Move For Next Rally

26 Jul 2020 2 minute read 0 comments moon333

Hey, friends hope you are well and welcome to the new update on Aave token. This token has surged more than 2100% since after November 2019. If we place the simple moving averages with the time period of 25,50,100 and 200 and move back to Nov 2019 th...

A PREVIEW OF A FUTURE DeFi

6 Jun 2020 3 minute read 0 comments Crypto adict (Manu VZ)

Hacking Lending & Money Maker Protocol AaveOrganized by ETHGlobal, an organization focused on bringing users and developers into the Ethereum community, HackMoney Hackathon has attracted more than 50 projects that ran for $ 300,000 in prizes, by hack...

3 Investor Must Have DeFi Tokens in 2020 and Beyond

25 Aug 2020 1 minute read 2 comments Cryptofivers

Are you ready to jump into DeFi token investing? Well time is ripe to get involved in the Decentralized Finance investment. A quick look at the charts shows that the demand on the sector is on the rise. An early dive into DeFi is a good decision to d...

MFT (Mainframe) privacy centered fixed rate crypto lending

26 Aug 2020 1 minute read 0 comments Andann427

(MFT) Mainframe with its backing of Edward Snowden’s freedom of the press association, backing from venture capitalists, shapeshifts Eric Voorhees, Ethereums Gavin Woods, and Zilliqa’s Xinshu Dong creates quite a resume of notable supporters. With a...