Tag: aavenomics

Nov 11 2020

How To Use The AAVE Platform

Aave is an Ethereum-based, decentralized, open-source, non-custodial money market protocol that allows the users to deposit and borrow cryptocurrency without any middle-man. The AAVE system is managed by smart contracts where the asset deposited by the depositor maintains the liquidity of the market. Depositor also earns income from their deposit. And the borrower takes out a loan by depositing collateral. The platform uses...

Oct 15 2020

Aave Funding Round Scores $25 Million

On the 12th of October, reports revealed that Aave, a decentralized borrowing and lending protocol, announced the receipt of $25 million worth of new funding. This recent Aave funding round saw investments made by major crypto entities, such as Standard Crypto, Blockchain.com ventures, Blockchain Capital, and others. Stani Kulechov, the CEO of Aave, commented on this successful development. He said investors have raised...

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