- Aave is a decentralized #lending platform that runs on Ethereum Network which offers secure, peertopeer 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 peertopeer 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 zerofee 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 crossblockchain lending currency which will prompt users to use LEND as the medium of exchange. - .
Summary of the coin Aave [OLD]
market value (Market Capital) Ranked 4370
highest price statistics: 23.59 $USD total number of coins(Supply): 1,299,999,941.70 coin circulated (Circulated): 35,947,024.76 coin
{"commentics_url":"\/\/titdoi.com\/commentics\/comments\/","page_id":4551857,"enabled_country":false,"country_id":0,"enabled_state":false,"state_id":0,"enabled_upload":false,"maximum_upload_amount":3,"maximum_upload_size":5,"maximum_upload_total":5,"securimage":true,"securimage_url":"\/\/titdoi.com\/commentics\/comments\/3rdparty\/securimage\/securimage_show.php?namespace=cmtx_4551857","cmtx_wait_for_comment":"cmtx_wait_for_comment","lang_error_file_num":"A maximum of %d files are allowed to be uploaded","lang_error_file_size":"Please upload files no bigger than %.1f MB in size","lang_error_file_total":"The total size of all files must be less than %.1f MB","lang_error_file_type":"Only image file types are allowed to be uploaded","lang_text_loading":"'Loading","lang_placeholder_country":"Country","lang_placeholder_state":"State","lang_text_country_first":"Please select a country first","lang_button_submit":"add comment","lang_button_preview":"Preview","lang_button_remove":"delete","lang_button_processing":"please wait a moment..."}
Clicking Accept All Cookies By signing up, you agree to storing cookies on your device to improve site navigation. Analyze site usage and assist in our marketing
comment
comment