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 Now Has the Highest TVL, Almost Tripling Since the Start of August

25 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has nearly tripled the total value locked in the protocol since the start of August, according to DeFi data platform from DeFiPulse. Aave has overtaken Maker in terms of the total value locked...

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...

Aave's Founder Would Like to Tokenize Tesla

24 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The founder of decentralized lending platform Aave (LEND), Stani Kulechov, made an interesting proposition to Elon Musk via Twitter on August 21, telling him that he would one day like to see cars be used as collateral to borrow USD Coin (USDC). Kul...

Centralized exchanges owe there customers quality customer service

23 Aug 2020 1 minute read 1 comment Andann427

The crypto space and it’s defi products are a burgeoning and exciting market ever evolving and exploding, shattering records and crowing new Kings. Whether it be compound finance, aave, yearn finance or any of the up and coming protocols all of it is...

Ways to earn crypto article 2

19 Aug 2020 1 minute read 0 comments HAMZA-1997

There are a lot of ways to earn crypto now a days few of them we have discussed earlier which you can read here ways to earn crypto. WRITING You may want to consider becoming a Crypto reporter or article writer. With the development of the crypto ind...

Full List of DeFi Lending Projects & Protocols

19 Aug 2020 3 minute read 3 comments D3F1

1. Aave GET IT HERE Aave is a DeFi Money Market Protocol that allows users to easily earn interest by depositing cryptocurrency into the protocol. Additionally, it allows users to take out loans from the protocol with a specific rate of interest at...

DeFi May Be Overestimated by Nearly 3 billion

19 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The DeFi market’s locked in value might be inflated by nearly $3 billion, according to Encode Club founder Damir Bandalo. In a tweet posted on August 17, Bandalo said that he had calculated how much was locked in protocols and found a disparity. Ban...

Aave V2, The Seamless Finance

19 Aug 2020 4 minute read 16 comments Aave

  After months of work, it’s time for Aave to leave phase 1 and announce a new version of the Aave Protocol. As expected, Aave V2 will continue to push the limits of what is possible with Decentralized Finance. What started as the underdog of DeFi,...

DeFi Guru Aave New Governance Model Launched on Testnet

17 Aug 2020 1 minute read 1 comment SXNXW

Today Aave is taking a big step toward more decentralization. The governance module of Aave is live on the Ropsten Testnet! — Isabel Kivlighan, Digital Marketing Manager The Aave team continues its path towards more decentralization with the launch...

Aave Wants to Tokenize Mortgages

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Defi lending protocol Aave (LEND) is looking to tokenize mortgages as a part of its v2 upgrade, according to an announcement made on August 14. Aave has partnered with real estate tokenization firm RealT to make mortgages accessible via the DeFi spa...