ethlend Aave [OLD] (LEND)

2.06% (24H)
Market CapVolumeAvailable Supply
$168.51 M$7,49755.19 M LEND

Aave [OLD] current price is $3.050 with a marketcap of $168.51 M. Its price is 2.06% up in last 24 hours.

Aave is a decentralized lending platform that runs on Ethereum Network which offers secure, peer-to-peer lending Smart Contracts. Aave strives to break through the traditional bank loans system with a more efficient solution. Aave also uniquely allows a borrower and a lender to decide on important loan details that can eliminate the need of a middle man. Due to the elimination of middlemen, process fee for a loan does not exist on this platform. This provide convenience to any lender and borrower to create loans on their agreed terms. Decentralized lending has fixed many issues and one of the reasons why is the transparency of loan. The Ethereum network provides a transparent ledger where all transactions are available to be inspected. Secondly, it isn’t necessary to find a trusted loan provider because all collateral which is the digital asset for loans are stored and locked in a smart contract and broadcasted on the public ethereum blockchain. It is also flexible for borrower to manage the collateral by refilling or withdrawing part of it. Borrower may make such changes when the lender is notified and aware of such movement. If the lender finds out that the action is not communicated, the lender is allowed to initiate a margin call. This year, Aave has made a major upgrades in its Q1 2018. They have deployed the new development for their peer-to-peer lending application named Alpha 0.3. The development process of Alpha 0.3 has started since the early of 2017. The new release also includes a completely new user interface which targets to lower the learning curve of user experience on the app. Furthermore, the new user interface has new sections to make lending process simpler such as including a ‘My Loan’ section, collectible badges and more. Other than that, the team is also in the process of developing more updates for the smart contracts. Hence, the team has decided to provide zero-fee lending with the use of LEND token as a medium of exchange, as an alternative to borrowing in Ethereum. The purpose of this is to provide a cross-blockchain lending currency which will prompt users to use LEND as the medium of exchange.
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10 Aave [OLD] (LEND)

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Community Call hosted by @AaveGrants starting in 30 minutes. Join us on Twitter Spaces 👇

Join us on Twitter Space in a little over 90 minutes!

Packed agenda for the community call, featuring new additions @TokenBrice to talk about liquidity mining and @dydymoon1 on a Curve-Aave proposal

PLUS, join after the call for an AMA with @DangerWillRobin and @defialliance 👻

Aave Grants DAO@AaveGrants

Join us this Thursday, July 29th at 4pm UTC for a Twitter Spaces Double Header!

4pm UTC: AGD Community Call 3
5pm UTC: AMA with @DeFiAlliance

⁉️ What questions should we ask @DeFiAlliance?

☎️ Agenda for the community call below:

The collateral swap feature available on mainnet has now been rolled out on the @0xPolygon market. Swap from one deposited asset to another in a single and convenient transaction 👻

If you danced with us at rAAVE but missed out on a t-shirt, now's your chance. Step 1: collect your @poapxyz by scanning the QR code on your rAAVE bracelet. Step 2: DM me with your wallet address or ENS name. We’ll send shirts to the first 50 people who send us #ProofOfrAAVE

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