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.


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Aave Raises $25M in New Funding Round

13 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

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13 Oct 2020 6 minute read 28 comments Chenhuang_defi

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#AavexStatus Sticker Design Competition - We have a winner!

12 Oct 2020 1 minute read 0 comments Status Community Updates

Status and Aave are proud to announce that we have a winner for the #AavexStatus sticker competition! The top ten submissions were selected based on a shortlist compiled by the Aave design team and a vote via both Twitter and the Status public channe...

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12 Oct 2020 3 minute read 2 comments Cryptoonestop

Twitter | Facebook | Reddit | YouTube | LBRY | Patreon | Store Front Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financ...

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Whale Wallet Analysis - $LEND/$AAVE

8 Oct 2020 6 minute read 2 comments D3F1

Hello guys, I am back with another Whale Wallet Analysis for your pleasure and research. Before we proceed, I'm aware of the $LEND -> $AAVE migration. The smart contract still holds the name $LEND, and while the migration is happening as we speak, I...

How DeFi is Changing Lending and Borrowing

6 Oct 2020 1 minute read 1 comment Cryptofivers

The entry of DeFi has left me convinced that the financial sector is ripe for disruption. Soon, banking halls will be empty as people move from the over the counter transactions to online thanks to the blockchain technology. Lending and borrowing has...