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 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...

ETHLend Crypto Project - Get a crypto loan without selling your cryptocurrencies

13 Aug 2020 1 minute read 0 comments NassiroV

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 standardize int...

DeFI Diaries#2- COMPOUND Finance: What makes it so special?

11 Aug 2020 2 minute read 0 comments SamBTC

These days DeFI is the buzzword in crypto space and new DeFi projects seem to be popping up each day. In this series called “DeFI Diaries” I will be reviewing the more popular options in DeFI as per my experience using them. I recently made a post on...

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...

Aave Carries Out First Credit Delegation Transaction

7 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 6, decentralized lending and borrowing platform Aave (LEND) processed its first credit delegation transaction. The credit delegation feature provides trusted uncollateralized to users. A line of credit of $500,000 was offered to DEX Devers...

DeFI Diaries#1- AAVE: Why is it Getting so Popular?

4 Aug 2020 2 minute read 3 comments SamBTC

Recently I had been focusing a lot on the different CeFI (Centralized Finance) platforms like Nexo, Crypto.com and Celsius. I found several advantages that these CeFI platforms offered compared to DeFI ones. Advantages of CeFI over DeFI #1 Steady Int...

31.07.20202 - End of July - News from the block and chain

31 Jul 2020 3 minute read 0 comments Heruvim78

Gas fees - they are higher than ever, and now is indeed a good day to be a farmer, if you have a mining farm (with proper rigs, mining Ethereum is more lucrative than ever, even better than 2017, when ETH used to be $1400).  Elrond mainnet was launc...

Aave Introduces Aavenomics, Its Tokenomics Upgrade Proposal

30 Jul 2020 1 minute read 2 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) announced a major update for its protocol on July 29. Called Aavenomics, the upgrade will see current native token LEND converted to AAVE at a 100:1 ratio, among other changes. Saying that Aav...