Image for post
Image for post

Aave Joins Open DeFi to Innovate On New Liquidity Strategies

We are pleased to announce Aave as the latest member of the Open DeFi alliance. Aave will begin participation in the liquidity and innovation tracks of the alliance. Through these two tracks Aave will be working with other alliance members to strategize and execute new liquidity building strategies from a wide variety of sources, this includes traditional market-makers, centralized exchanges, and aggregation platforms.

Open DeFi was founded on bridging three core ideas — risk management, liquidity, and innovation — across borders, cultures, and markets. The addition of Aave to Open DeFi connects existing members with a leader in the space and will provide deep insight into the liquidity landscape of decentralized finance and curate innovation in the space with other partners.

“Aave is arguably one of the most established and forward-thinking projects in DeFi. It is great to have a reputed protocol such as Aave on board to tackle the issues of isolated markets, scarce liquidity, and lack of new asset classes in which we are out to solve with this alliance. Through the liquidity and innovation tracks, Aave will get great exposure to other projects with similar mindsets and missions which will help Aave expand its global reach and further develop concepts which will curate new tokenized assets and funding into the DeFi ecosystem. We are excited to welcome Aave to Open DeFi to bridge the eastern and western DeFi ecosystems and support Open DeFi’s mission of growing the decentralized financial ecosystem around the world.”

— Eden Dhaliwal, Managing Director Conflux Network

Aave is a London-based technology company founded in 2017 by Stani Kulechov, focused on creating a transparent and open infrastructure for decentralized finance. Aave has established themselves as a leader in the DeFi industry, whether it is through liquidity, security, or innovation. The platform currently holds a 95% economic security grade from Gauntlet, ensuring that the $1 billion in locked assets and 28,000 users are safe. The platform also recently announced they have been granted an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA), this allows Aave to provide services like issuing digital cash alternatives and offer various payment services compliantly.

Aave has been able to develop strong fundamentals in the lending and borrowing crypto financial markets, and will be able to further strengthen their offering into Eastern markets by leveraging Open DeFi’s market exposure in the region. Open DeFi will introduce the concept of aTokens, flash loans, uncollateralized loans, and more to the growing and until now, isolated market of decentralized finance in China. As well as, with Aave’s entrance into the NFT market with AAVEgotchi, we will work collaboratively on developing future use-cases and applications for NFTs in the DeFi market with other partners in Open DeFI’s innovation track.

“We’re really excited to be part of the Open DeFi Initiative and collaborate with the other members to drive more innovation. The future of finance is global, and part of the unique value DeFi brings is that it’s borderless. Open DeFi supports this ethos, and we are looking forward to exploring synergies across the globe to build financial tools and infrastructure for the future.”

— Stani Kulechov, Founder and CEO of Aave

About Open DeFi

Launched in 2020, Open DeFi is a global initiative that seeks to develop the decentralized financial ecosystem and advance the collaboration of DeFi projects across borders and blockchain networks. Through a unique program focused on risk management, new liquidity strategies, and innovation, Open DeFi brings together global CeFi and DeFi partners to drive the future of finance. Members include Conflux Network, Sequoia Capital, Blockpower Capital, Antelope Holdings, dForce, DeBank, MCDEX and Shanghai Science and Technology Committee.

For more information, visit: https://www.open-defi.com/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store