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.


Top DeFi Protocol Migrates Token From $LEND to $AAVE

6 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has completed its tokenomics upgrade and converted its LEND tokens to AAVE, according to an announcement made on October 2.  The vast majority of token holders voted in favour of the Aavenomics upgrade, whi...

AAVE Decentralizing with the LEND to AAVE Token Migration

5 Oct 2020 2 minute read 0 comments GabrielHaines

MIGRATION FROM LEND TOKEN TO AAVE TOKEN AAVE is a lending and borrowing protocol that’s been around since 2017. The next stage of their evolution is underway, as they move toward greater decentralization and community governance. With more than $1.5...

Crypto Weekly Roundup with Crypto Rays

4 Oct 2020 1 minute read 1 comment Venkatz

Crypto Weekly Roundup Crypto Rays Kucoin Update On 26th of September a security hack happened in Kucoin with 150$ million Crypto Assets are stolen Now  on October 3rd Kucoin global  CEO  Johnny Lyu  Tweeted  about that security Incident they found t...

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...

Rari Integrates Aave to Give Users Highest Yield

2 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Roboadvisor Rari Capital announced on September 29 that it had integrated lending protocol Aave (LEND) to give users the most optimal yields for farming.  Rari will use Aave to rebalance supported stablecoins (DAI, USDC, USDT, sUSD, BUSD) to constan...

Aave Hands Governance Over to Users, With Tokenomics Upgrade as First Proposal

28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending protocol Aave (LEND) has transitioned to full community governance, with the first proposal being a vote on its Aavenomics token upgrade, the team announced on September 26. Implementation of decentralized governance is now on...

These are the Top 10 DeFi Projects (tokens & coins)

27 Sep 2020 11 minute read 20 comments busyjordy

There’s a lot of buzz surrounding DeFi cryptocurrencies right now and I’m going to give you a quick break down on what they are and their purpose.   DeFi is short for Decentralised Finance and it’s a pretty broad term, but the key thing is that most...

Zethyr Finance 2: Migration from Zethyr Finance 1

23 Sep 2020 1 minute read 1 comment Zethyr Exchange

Dear Zethyrians, If you are reading this article, chances are you have been using Zethyr Finance for a while. Thank you for being awesome so far! As you have probably been aware, in Zethyr Finance 2, we will open lending pools to TRX, USDT, WIN and B...

Bitcoin (BTC) dominance has been showing bullish divergence and is moving up ! Will Altcoins continue to bleed in the next few weeks ?

21 Sep 2020 4 minute read 10 comments Djordi

Hi everyone, I was checking the good old Bitcoin dominance this morning and I decided to share it with you. We will see what this could possibly mean for Altcoins in the next couple of weeks. Here is a weekly chart of the dominance compared to the Al...

Most Undervalued AAVE (LEND)

20 Sep 2020 1 minute read 0 comments Venkatz

DeFi  The Term we Are hearing all over the Crypto world Recently. Because the DeFi Projects are glowing in the Recent Trends. Main theme of DeFi is (Lend)ing  Borrowing, Staking, Getting Rewards for Providing Liquidity Pool(LP).   Now we are going to...