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Aave Review

15

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Very good

Revainrating 4 out of 5  
Rating 
4.0
Crypto Projects, DeFi, ERC20

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Description of Aave

ETHLend is a fully decentralized financial marketplace built on top of the Ethereum network allowing lenders and borrowers from all over the world to create peer-to-peer lending agreements in a secure and transparent way using blockchain and smart contracts. ETHLend provides decentralized solutions to avoid loss of capital and to make one true global lending market available.

Reviews

Global ratings 15
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Type of review

Revainrating 5 out of 5

This system will be good !

Aave (LEND) gives users credits (users give credits to each other), decentralized, without intermediaries. This enables users to own jet directly without paying any commission. Aave aims to be an international lending institution without being affected by fixed interest rates of users and varying interest rates between countries. With LEND, wherever you are, it enables you to get loans regardless of the interest rates of the countries, thus ensuring the trust of people. The loan interest rate…

Pros
  • Unmediated transactions
  • Logical
  • Less risky
Cons
  • A little difficult to learn

Revainrating 5 out of 5

Aave (Lend Coin) Market

Aave is a coin and platform running on the Ethereum Blockchain. In Aave, defined as an open source protocol that enables the creation of money markets, users can earn interest on borrowing assets and deposits. The reason for choosing the name Aave as the protocol comes from the effort to create a transparent and objective infrastructure for the purpose of decentralized financing. Saying hello to its users in 2020, Aave Coin completed its wallet integrations with Trust Wallet and My Ether…

Pros
  • Ethereum based
  • Good ranking in stock markets
  • Easy to buy Lend coins with Cointral
Cons
  • No downsides

ETHLend is a decentralized financial center based on the Ethereum organization, which allows banks and borrowers from all over the world to enter into common and secured and direct common loan agreements using blocking and cutting agreements. ETHLend provides decentralized answers to help you stay away from capital losses and access the real credit market in the world. The Aave system works with two Ethereum-capable numbers. These are aTokens and UniSwap UniTokens; Banks are also allowed to…

Pros
  • Ethereum based
Cons
  • No flaws

Aave is a decentralized stage for monetary associations that permits credit tasks without support and award credit extensions on the Ethereum organization, using an advanced resource. Token: The Aave network works with two tokens viable with the Ethereum organization. These are the aTokens and UniSwap UniTokens; which are allowed to moneylenders when setting aside their installments in Aave and are scorched when pulling out said assets from the organization. The tokens work on the stage

Pros
  • It offers the chance to any client to turn into a moneylender and acquire revenue pay.
  • It permits its clients to get advances in computerized monetary standards under the methodology of ERC-20 and ETH tokens.
Cons
  • There are no hindrances in its utilization.

Revainrating 5 out of 5

Aave

Aave is a decentralized round of funds that allows Ethereum to lend money without using credit support and using credit from an advanced source. This business addresses a wide range of issues that may require a lot of credit, including trust, accessibility, and wealth. The fully decentralized P2P, which works on Ethereum and uses digital currency as a writer, offers a large bank-wise contract. You need paper or a bank close to you to get the money in advance. This is a quick way to make ends…

Pros
  • Ethereum-based and They offer great prices
  • There are special features for lenders and borrowers
  • They take security seriously and it gives customers a sense of confidence and genuine peace of mind.
Cons
  • There are no flaws

Revainrating 4 out of 5

Aave and Lend

Aave caught my attention after a report I read in the past weeks. Coinbasepro, a major cryptocurrency exchange, listed Aave. I learned that Defi is one of the big projects I decided to invest. In short, the Aave platform is a platform where members can give loans to each other. Members can lend money to each other regardless of the laws of that country, regardless of the country they live in. This is a formation independent from the protocols of financial institutions such as banks. I liked…

Pros
  • Listed on the Coinbasepro stock exchange and increased in value
  • a great innovation for financial systems
  • It ranks among the top applications of Defi
Cons
  • I don't see any negativity

Revainrating 5 out of 5

Aave: a way to obtain returns and investment assets quickly and safely

Aave is a decentralized platform for financial organizations that allows credit operations without endorsement and grant lines of credit on the Ethereum network, through the use of a digital asset. Token: The Aave network operates with two tokens compatible with the Ethereum network. These are the aTokens and UniSwap UniTokens; which are granted to lenders when making their deposits in Aave and are burned when withdrawing said funds from the network. The tokens operate on the platform The…

Pros
  • It offers the opportunity to any user to become a lender and obtain interest income.
  • It allows its users to receive loans in digital currencies under the modality of ERC-20 and ETH tokens.
  • Offers an easy and fast way to obtain digital assets.
  • Allows the user to select the interest rate of the loan at their convenience.
Cons
  • There are no disadvantages in its use.

Revainrating 4 out of 5

Pioneer DeFi Platform

We must understand that DeFi is currently becoming a major topic being debated in the financial communities. Its aim is to give users full control of their assets, due to Blockchain technology and decentralization. Without further ado, Aave becomes one of those pioneering projects. Aave (formerly ETHLend) is another blockchain project that came to light in 2017 and is one of the first open source, non-custodial DeFi protocols in the world of cryptocurrencies. In addition, the creation of money…

Pros
  • They take security very seriously and this gives confidence and peace of mind for users.
  • They offer excellent rates and have the best competitive interest rates, as well as stable and fixed loans.
  • Unique Features for Lenders and Borrowers.
Cons
  • I made certain mistakes at the beginning that caused them to change their objective and thus the name change.
  • They do not have a good design and brand that gives us confidence.

Revainrating 5 out of 5

Aave Protocol: Leader in the field of DeFi.

The most important aspect of Aave is the Aave protocol which was launched in January 2020 marked by a significant change in strategy. Shifting from decentralized P2P lending to a pool-based strategy, the Aave protocol is a non-proprietary open source protocol that allows users to create their own decentralized money markets on the Ethereum blockchain. Depositors provide liquidity by depositing cryptos into loan pools which will then allow them to earn interest. Meanwhile, borrowers can get…

Pros
  • Simple and easy to use protocol
  • Aave has the feature of granting instant loans without collateral
  • Fully decentralized protocol, no middleman, no KYC
Cons
  • The DeFi sector is still young.

Revainrating 4 out of 5

Commonly known as ETHLend.

It offers a fully decentralized P2P smart lender smart contract, which operates on the Ethereum network and uses cryptocurrency as a guarantor. You need a bank account or a bank near you to take out the loan. This is a quick way to make a profit in the end.

Pros
  • It is a fully decentralized lending dapp that allows orrow lenders and nd lenders to choose the terms and conditions for lending and is held in a smart contract.
  • It can handle any transaction on the platform, no matter what - P2P, B2B, or B2C, as long as the parties have no ETH address.
  • Blockchain is open to all participants worldwide and all transactions are done P2P. Users are limited in the reach of the market and do not face any interruptions.
Cons
  • The problem here is that it is simply not popular enough and is being ignored due to other large cryptocurrencies.

Revainrating 4 out of 5

Contract-based investment platform.

This is a decentralized open source investment platform, with no custody of assets earning interest on deposits and different borrowed cryptocurrencies. In general, this project focuses on solving a real problem for users, who need a fast line of credit and do not have a history or access to loans. Decentralized and etherium based

Pros
  • Faster rates and transactions.
  • Token backed with the asset in your wallet.
  • Quick loans backed by your assets.  
Cons
  • For some users connecting wallets is difficult.
  • Some tokens are administered  

Revainrating 3 out of 5

P2P decentralized loans

Save a platform that is based on the decentralized lending strategy, where loans offer cryptocurrency liquidity through a group contract, where each group has reserves in multiple currencies, whereby each loan can be opened at a stable rate or variable, in which the interest rate is deduced algorithmically. If the borrower does not meet the loan, the tokens used as collateral are transferred to the lender.

Pros
  • Decentralized P2P Loan Platform
  • The interest rate of the lenders is set algorithmically
  • Through ETHLend you can participate in margin trading by increasing your leverage.
  • The loans have an infinite duration
  • The LEND token acts as a guarantee for the lenders
Cons
  • It is not the only company that offers loans and other banking services based on the blockchain, so you should consider the competition you will face, such as SALT and WeTrust
  • The value of the LEND tokens will be greatly influenced by the level of success achieved by the platform

The project solves many problems that are faced by millions of people who may need a loan these include trust, access, and interest. LEND token holders receive a 25% reduction in fees on the platform. The tokens also provide users with access to certain features like featured loan listings. It has great potential it wipes all competition out of the water, especially with their upcoming plans. In order for project to grow, they really need to promote what they offer to the public through social…

Pros
  • -Rewards for active lenders and borrowers. -P2P low cost lending. -High trust, You control your own wallet. -Secure & Open Marketplace.
Cons
  • -Not allowed to US citizens and residents. -Lacking social. -No backing (asset, profits, commodity).

The nearest plans of ETHLend developers are focused on the following tasks: (+)- implementation of a platform for placement of ready proposals from creditors; (+)- the mechanism of crowd-lending – some lenders can Finance one loan based on the General smart contract; (+)- formation of reputation system DCR – decentralized credit rating will display the full history of each user and his activity; accrual of penalties for delay; (+)- expanding the list of currencies for issuing loans –…

Pros
  • (+)- lack of mediation and safe use of cryptocurrency assets; (+)- democratization of interest rates – their level is regulated by market mechanisms and does not depend on the country of residence of users; (+)- reputation system and credit history with all data of each user; (+)- introduction of artificial intelligence for credit risk assessment. In the end ETHLend offers reliable mechanisms for the provision of loans, which will make the credit market available to users of all countries. The use of a decentralized framework for development ensures the reliability and security of the system, as well as its independence from outside interference.
Cons
  • None

The main goal of the company is to create a stable long-term managing and lending platform for users new and old to the marketplace. Fully decentralized peer to peer lending Smart Contract on Ethereum block-chain for lending Ether by using tokens as a collateral. Users can borrow Ether by placing Digital Tokens on Smart Contract for collateral. So ETHLend creates an effective way for the borrowers to access funding globally and lenders to fund loan requests around the world. ETHLend uses…

Pros
  • - One of the best ecosystems of any cryptocurrency platform online. - Low fees (0.01 ETH fee for deploying a Loan Request and 0.01 ETH fee for funding a loan request). 5% of these fees and additional 1-5% (depending on the previous year’s growth) is used for the buybacks. The solution enables to deliver a strong token to the market and would not affect the cost of service. - Recent launch of Aave financial-tech company (Aave Pocket, Aave Lending, Aave Gaming, Aave Custody e Aave Clearing). ETHLend will become a Aave subsidiary with the same team. - Platform with great potentialities in the medium term.
Cons
  • Markenting and advertising actions are not strong (founders prefer to work on users' feedbacks).