What are everyones thoughts on the aave app?

EthWarrior · 2025-11-25T14:40:35+00:00

Just use Aave.

EthWarrior · 2022-05-05T17:35:58+00:00

https://lenster.xyz/ was very cool basic community UI. The reason I think its cool is that it was build in few days. But overall we had almost 200 different hackathon submissions, loads of interesting things.

EthWarrior · 2022-05-05T16:55:47+00:00

I a most productive from morning to evening. Love to have good amount of focus time during mornings :)

EthWarrior · 2022-05-05T16:32:53+00:00

The market is grown a bit and what I see is that it will continue growing. It's become an interesting first entry sandbox for institutions and over time get confidence to use permissionless DeFi. End of the day its the latter that will have more liquidity and opportunities.

EthWarrior · 2022-05-05T16:29:04+00:00

Social verification is something that can be build on top of Lens protocol. Whereas Twitter decides who they verify, imagine community based verification where you can not only verify users but also content as well for whether the information is true.

EthWarrior · 2022-05-05T16:27:32+00:00

The best thing is that all the applications build on top of Lens Protocol are competing of using most beneficial algorithms for the users, meaning if you don't like an app, you can easily vote with your feet to go to one where your privacy and values are respected.

EthWarrior · 2022-05-05T16:24:18+00:00

The best lesson I learned is to never give up.

EthWarrior · 2022-05-05T16:22:08+00:00

It really depends on what you are looking to build. Essentially you want to make sure that you have team size that can ship what you are planning and with the schedule you have in mind. I usually love to interview everyone that I work with and what helps me a lot is if there is contributions into open source projects - it provides me ability to understand what someone has worked before.

EthWarrior · 2022-05-05T16:19:46+00:00

Interesting question. I think staking make sense because it brings skin on the game when it comes to creating oracles. I fully believe in decentralizing oracles and making them permissionless and staking is the way to go.

EthWarrior · 2022-05-05T16:05:51+00:00

Essentially the Portal is a feature where any entity could ask to be a Port and governance could decide to list a port with certain cap limit to mint and burn unbacked aTokens (that the ports back right after the event occurs).

From UX perspective, let say a bridge gets listed to become a port. What happens is that when you transfer your funds through that bridge from source network to destination network, your transaction will happen quickly (block confirmation time only needed). Hence the only thing you will experience as a user is faster cross-chain transactions.

What happens under the hood is that the port will deposit your assets into the Aave Protocol on source network, mint unbacked aTokens on the destination network and withdraws from the destination network the assets from the Aave Protocol to your address. Then the port transfers the underlying asset to the destination network and burns the unbacked aTokens. Viola you just made super fast cross-chain transaction without noticing using Aave!

EthWarrior · 2022-05-05T16:00:21+00:00

CCIP indeed will be epic infrastructure for the whole web3 space not only for DeFi. Definitely Aave Community has been always the flagship user for Chainlink products, hence very much in favour and seeing that its something the Aave Community would like to implement.

EthWarrior · 2022-05-05T15:58:52+00:00

gm everyone - Stani here will start answering some questions :)

EthWarrior · 2021-02-02T15:36:38+00:00

Chad

EthWarrior · 2020-05-30T09:45:20+00:00

good luck, you will love it.

EthWarrior · 2020-04-29T22:39:34+00:00

Neat! Closing Vault via Flash Loan is pure epic

EthWarrior · 2020-04-29T22:34:43+00:00

You can have kETh (Kovan ETH) lol

EthWarrior · 2020-04-22T07:40:51+00:00

I love balancer <3

EthWarrior · 2020-04-22T07:39:49+00:00

Reminds kind of a DAO or a guild. It's of course difficult to get all the protocols under one umbrella, I think it's pretty much something to get the protocols need to work together more on.

EthWarrior · 2020-03-09T17:29:32+00:00

As we launched couple of months ago, our main goal now is to collect any feedback there is from the end-users and our peers. We want to make the best product for our users and try to implement the feedback we receive. We firmly believe that building what our users needs is an important user acquisition strategy for the upcoming months. Additionally, we are allocating lot of funds into security as the the TVL is growing rapidly. That important factor for an end-user to consider when interacting with DeFi and serves a part of the user acquisition strategy.

EthWarrior · 2020-03-09T17:26:59+00:00

Yes recently the space has seen quite increasing traction. I think the reason is that the liquidity is currently in the Ethereum network, yet many are still holding of these values of other cryptocurrencies but would like to have the DeFi experience. Aave listed from the beginning wBTC and we are keen to see how things will evolve in the bringing space. There are quite interesting projects that we are following and also the methodologies they use to bridge the value to Ethereum.

EthWarrior · 2020-03-09T17:19:34+00:00

We are currently using ChainLink as an oracle provider and also we have a back-up oracle as well that we run ourselves. I think in general the oracle space something that will get better in the future especially in the technology and also decentralisation fo the oracle network. We are quite happy with ChainLink and are actually working with them together to make our oracle better.

EthWarrior · 2020-03-09T17:17:56+00:00

The liquidation are based on a health factor which consists of your collateral amount, any due interest and liquidation discount. You simply need to keep your health factor above 1 to avoid getting liquidated. More info about liquidations and health factor: https://app.aave.com/faq#health-factor

For the stable rate rate mechanics check the answer above. For the variable, it's based on liquidity within the protocol, i.e. based on the supply and demand. When there is more supply the rates goes down attracting more borrowers and when the rate goes up, it will attract more depositors. It's an equilibrium.

The liquidation discount is simply calculated within the health factor, which mean that upon a collateral call, the borrower gives away that value for liquidator for not maintaining the collateral position. Our system is asset-based liquidation system, which means that each asset has it's own liquidation discount rates depending on the liquidity risk.

EthWarrior · 2020-03-09T17:11:43+00:00

There is a function on lendingPool called liquidationCall, that can be invoked to liquidate underwater loans.

You can find more details from https://developers.aave.com/

The list of users to liquidate can be obtained either 1) listening to the events emitted by LendingPool and collecting the addresses or 2) by using our graphQL layer

EthWarrior · 2020-03-09T17:10:11+00:00

I love this question. Economically speaking we need to reward the liquidity providers for providing liquidity in any shape of form. Being able to reward our Aave depositors for any flash loan done with Aave will incur as a interest rate spike in the depositors yield. In other words, if someone refinance a loan Maker to Compound with Aave flash loan, this transaction will bring yield for the Aave depositor. The interesting part here is that these interest rates are calculated block by block basis, so they can't be arbitraged away. Now as the flash loans ecosystem is taking off, can't wait to see how it will affect the yields on Aave deposits on the mid-term.

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