Aave

Traditional currency and banking systems feature several downsides as far as transacting is concerned. Cryptocurrencies present a decentralized alternative to deal with issues surrounding the two options. The introduction of DeFi was a step further in pushing the mass adoption of blockchain technology and digital currencies.  DeFi lending is on the same track, trying to bridge the void between traditional banking and all users globally without intermediaries. Now, lenders and investors can deposit, loan out, or borrow currencies in or…

Every crypto user, including the beginner, has met with the word DeFi, an acronym for Decentralized Finance. DeFi consists of an ecosystem of Financial applications developed on top of blockchains. In addition, DeFi introduces the investors' aspect, making returns on the value of their assets through yield farming markets. Yield farming, also known as liquidity mining, is where crypto holders lend cryptocurrencies and get fees and interest as returns. For example, yield farming imposes a similar principle when an individual…

The Innovation Uprise Since the start of 2020, some major moves in the cryptocurrency space have highlighted its stride to maturity. Bitcoin seems to be stabilizing. Ethereum seems to be improving by the day. Several countries have initiated cryptocurrency regulation, increasing interest due to people staying at home during the pandemic. The race to the top is on-going 24/7 because the crypto market never sleeps. The competition is cut-throat, and new alternatives keep popping up every other day. That’s why…

Decentralized finance (DeFi) has enjoyed a strengthened narrative in 2020. This is such that some DeFi tokens like Aave (LEND) have incurred more than a 1,000 percent increase while the price of Ethereum increased by 90 percent since the beginning of this year. It appears that investors are developing more interest in this market sector. According to cryptocurrency derivatives analytics company Skew, Ethereum will enjoy this trend the most in the long-term. Skew noted that these DeFi tokens powered by Ether appear to…

The crypto space has grown tremendously, but more progress has yet to be made regarding lending and borrowing digital assets. However, many companies are taking a step in this direction, and Aave is a perfect example.  Aave is an open-source DeFi protocol that allows users to borrow and lend digital assets. The platform has traditional loan features and several unique features that make it stand out.  This article will review the platform, understand its features, and how it works.  What…