Latest Posts with Aave (LEND) tag

Aave (LEND)

149 Articles 183 Followers

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.


We do not trust them ... remembering Libra

26 Oct 2020 2 minute read 3 comments alquimista1501

It is always good to remember some things within the cryptographic world. Even though this environment is not really more than 15 years old in the public space, many of the olive initiatives are relevant at this moment to be able to evaluate points o...

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...

Interesting Market Cycle

28 Oct 2020 1 minute read 0 comments belemo

I'm pretty sure that everyone else has noticed the weekday to weekend trend that virtually all cryptocurrencies in the market have been following. I'm a long term hodler, rather than a day trader, so I generally avoid the Swift buys and sells, h...

Aave’s Community Takes Control of Governance

29 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending platform Aave (AAVE) announced on October 28 that it has handed over the protocol’s admin keys to the community, a major step in the path towards full decentralization. The Aave team handed over the admin keys to community gove...

Aave Launches New Features and Listings

17 Jul 2020 4 minute read 15 comments Aave

  The Aave team has been hard at work to provide new features and assets in the protocol for the Aave Fam! As always, synergies within the ecosystem and brand new functionalities are on the menu this week. We’re happy to introduce new risk parameter...

Venezuela Update - 367 Bitcoins traded last week

28 Oct 2020 2 minute read 9 comments Permabull

Checking last week's statistics, 367 BTC were traded in Venezuela on LocalBitcoins. The number is quite a bit down from 406 BTC, traded the week before, buying and selling BTC/FIAT. 367 BTC is over 2,000,000,000,000 Bs. (Bolivares). One Bitcoin (BT...

COINBASE (CELO/BAND/UNISWAP)

23 Sep 2020 1 minute read 0 comments Coincobra

Recently, the largest US exchange listed and made 3 new cryptocurrencies available to negotiate. This is very interesting, as they were launched in sequence over a period of just over 45 days. In the case of coinbase it is not very common for this to...

DeFi: Went Down the Rabbit Hole... Happily Ever After?!

13 Oct 2020 5 minute read 6 comments tomoyan

I don't know how many people did this but I went down the hole couple weeks ago 👇 DeFi: Went Down the Rabbit Hole and Look What I Found ($50?!) And this is the result... which was supposed to be announced LAST WEEK. Rabbit Hole was working on improve...

#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...

LEND Migration, AMPL & BAL Liquidity Pools

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...