AAVE is LEND replaced with 100:1. AAVE, formerly ETHLEnd, is a decentralized p2p lending platform that allows people around the world to obtain loans or become lenders. As a decentralized platform using blockchain technology, AAVE allows users to obtain loans or financing in a secure manner within minutes.
Founder: Stani Kulechov
Total supply: 160 million
Circulation volume: 14.09 million
Circulation market value: 1.593 billion
Total market value: 1.8 billion
Circulation rate: 88%
Lock-up situation
There are about 1260 days until the next unlock, and only 0.01% will be unlocked. Currently, 90.28% has been unlocked, leaving less than 10% of the locked chips.
The chip allocation is divided into two parts, with ecological incentives accounting for 18.75%, mainly mortgages, liquidity mining rewards and other ecosystem incentives, and native token LEND holders accounting for 81.25%.
Flash Loahs are Aave’s first important DeFi product.
Flash loans are also called unsecured loans. Users can successfully arbitrage as long as they complete the borrowing, repayment and interest actions at the same time in one block. That is, the user needs to complete the actions of lending funds, returning all funds, and paying interest at the same time within 13 seconds (the average block time of Ethereum is about 13 seconds) for the transaction to be considered successful. If there is a link in the middle that is not completed or goes wrong, this will All transactions will be invalid.
Credit loan is another important innovative product of AAVE. Liquidity providers can authorize credit lines (atoken certificates) to people they trust, or they can authorize credit lines to a specific smart contract to earn additional fees. This method of credit lending can improve the efficiency of the use of liquid funds. It is currently mainly used by institutions that can trust each other offline. Therefore, "on-chain smart contracts + off-chain legal contracts" are also regarded as DeFi+ entity companies. Combination is an important step in exploring DeFi’s exit from the circle.
development path
In November 2017, Aave completed its ICO, selling a total of 1 billion tokens LEND (governance token) and raising US$16.5 million.
In September 2018, ETHLend officially changed its name to Aave. (ETHLend changed to a subsidiary of Aave, and its management team is consistent with ETHLend)
On July 19, 2019, Aave announced the launch of [Decentralized Lending Pool] on the Ethereum Kovan testnet.
On January 7, 2020, the Aave protocol was officially launched and positioned as a money market protocol based on Ethereum. (ETHLend was previously positioned as a P2P lending model)
2020-01-08 AAVE agreement comes into effect
2020-01-16 Bug Bounty Campaign
2020-02-28 My Ethereum wallet and trust wallet integration
2020-03-26 BUSD introduced in aave
In April 2020, Aave achieved integration with the stablecoin Tether, marking the first time that USDT can be used for on-chain lending.
2020-04-10 aave parameter update and history page launched
On October 3, 2020, Aave's native token LEND migrated (merged) to the new token AAVE at a ratio of 100:1, and an additional 3 million AAVE were issued for ecosystem reserves.
2020-10-22 On the main network
On November 12, 2020, Aave announced the release of the Aave v2 version on the Ethereum Kovan testnet. #BOME #AAVE
Investment institutions#热门话题 #BTC超话
Carnaby Capital Interchain Ventures