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Overworked, overstressed, and flat out fed up with starting every website design from scratch? Here are some WordPress theme solutions you’ll appreciate.
Maybe you need to switch to an easy-to-use theme — a WordPress theme that’s crazy-fast and gives you reliable performance may be your cup of tea.
Tired of having to build your websites from scratch? It’s totally unnecessary unless for some reason you absolutely want to.
Before you blame yourself for the situation you find yourself in, consider this: maybe it’s the tools you’re using. You may be trying to build a house without the use of power tools, scaffolding, or helpful aids.
One of the following 15 top WordPress themes should prove to be the solution to your problem. In fact, more than one of them could probably serve quite nicely.
Grab a cup of coffee and let’s get started.
This biggest-of-them-all multipurpose WordPress theme can’t be beaten in terms of the huge array of “power” tools and design elements it places at your disposal. BeTheme is fast and flexible. It’s easy for beginners to work with. If trying to satisfy multiple clients has become more stressful than rewarding, BeTheme has a solution for that as well.
Be’s selection of 500+ customizable, responsive pre-built websites is the highlight and a proven stress reducer. These professionally crafted, pre-built websites cover 30 industry sectors, all the common websites, and an impressive range of business niches.
They also have UX features and functionalities built into them, potentially saving you a ton of design time.
- BeTheme uses the popular Muffin Builder 3 page builder, with WPBakery as an option.
- There’s a Layouts Configurator if you really want to, or absolutely have to, build a page from scratch.
- It has a Shortcode Generator and a large selection of shortcodes that, together with Be’s drag and drop features, eliminates the need for coding.
- Be’s powerful Admin Panel provides unmatched flexibility.
I have purchased 4 of these themes at this point. Love the speed and build of them. Only wish list item would be a way to categorize and tag pages like you can with posts. — sharkyh2o
Click here and browse Be’s impressive collection of pre-built websites.
Total is another stress-reducing theme. This flexible and easy-to-use WordPress theme has been around for a while and has amassed a user base of 41,000 happy customers.
- Total is drag and drop and it doesn’t require coding to build exactly the type of website you have in mind.
- Total is also developer friendly thanks to its system of hooks, filters, and snippets.
- There are more than 500 advanced customizing options available, plus 100+ page-builder elements and design modules to work with and 40+ pre-built demos to get any project off to a solid start.
- You won’t be burdened by third-party plugins either, since this WooCommerce-ready theme is compatible with all WordPress plugins.
- Very Friendly
- Very Simple
- Clean Code
- Good Flexibility
- Cool Elements
- Excelent custom panel
- Good integration with WooCommerce
Love this theme, it can do everything I need including shops, in a very good and easy way. — soswebdesign
Click here to discover if Total is the solution you’ve been looking for.
If you choose a best-selling theme, chances are it’s going to relieve rather than add to any stress you may be encountering. Avada is such a theme.
- Its Dynamic Content System provides unmatched flexibility.
- Avada integrates totally with WooCommerce and includes product design drag and drop capabilities.
- 55+ pre-built websites are included to get you off to a fast start.
Great theme! As my first WordPress theme, it offers many options and continues to improve! — nwilger
Click here to find out more about this best-seller.
Featuring the most beautiful designs for WordPress is what many web designers will tell you about TheGem. What really gets them excited, however, are the tools that come with the package.
Those same designers will tell you that TheGem is the ultimate WordPress toolbox. To name but just a few of the goodies, you’ll find:
- plenty of pre-built, one-click installable websites
- over 400 modern and trendy design templates
- a ready-to-go fashion store
Great theme and great service. — bepreoo
Your very own ultimate toolbox is just a click or two away.
Bloggers, freelancers, and creatives of all types, plus small businesses and agencies, will benefit from making this ThemeForest bestseller with its 60K+ sales their theme of choice. This is doubly true if you need to create a portfolio or magazine-style website or any type or style of a page.
- a powerful front-end editor
- adaptive image and advanced grid systems
- WooCommerce compatibility and single product design and display features.
The star of the show is Uncode’s showcase of user-created websites. They tell a story of what Uncode could do for you, plus they are a source of inspiration.
Nice code, good support, design possibilities are endless. — zoutmedia
Visit Uncode and browse its showcase of user-built websites.
There are some website types that a multi-purpose theme simply can’t help you with — usually because of unique and special features that are required. For the realestate sector, as an example, using a theme like Houzez is a must. Houzez’ unique functionalities include:
- advanced property searching
- flexible property listings formatting
- a property management system
In addition, this drag and drop theme can easily be customized to match a realtor’s business model.
I really love the function and the appearance of the theme. — stuffmartusa2
If you happen to have a realtor for a client, look no further.
There’s really no need to start designing an online store from scratch if you have a ready-to-go shop you can tweak to get what you want. What if you have 80 of those ready-to-go stores? That’s what XStore gives you, together with a host of demos for various products, $300 worth of premium plugins, and a powerful, single-product page builder.
How’s that for streamlining your workflow?
As always, a 5 star! I bought this theme the third or fourth time so far… really loving it. The new update from 6.0 is awesome. — edvin33
Click here and browse the 80 ready-to-go stores.
Looking for a theme that meets the special needs of publishers or bloggers? With Typer you can create a publishing WordPress site that will accommodate multiple authors.
Typer’s 100% Gutenberg optimization gives you the support you want to publish your blog posts, while the Elementor page builder makes it a snap to create attractive, professional-looking landing pages.
- No coding knowledge is needed
- Typer is optimized for speed
- Typer gives you unlimited Header styles and unique page and post options
You can also rely on premium support should you ever need it.
Amazing design – one of the best looking minimal themes I’ve found recently. And, support has been incredible. — bloggingwizard
Click here if building a publishing site is your objective.
If your method of picking a theme that perfectly meets your needs is to put on a blindfold and you happen to pick Bridge, you’ll have a winner! Bridge is a perfect theme for just about anyone, be it a beginner or an established pro.
This best-selling creative theme that serves 120,000 happy users offers:
- open-ended flexibility and customizability
- an immense collection of design elements and design aids
- 420+ pre-made websites
- sliders and plugins, including WooCommerce and the choice between two powerful page builders — WPBakery and Elementor.
I’ve bought some themes on ThemeForest, but this is the one that I prefer. It’s incredible. — joaebobe
Click here to learn more.
The testimonial says it all. Brook, with its impressive design tools and features, is a web designer’s dream theme. The package comes with pre-made templates galore, a selection of premium site-building plugins, design elements, and shortcodes.
You’ll also quickly find that Brook is:
- SEO friendly
- superfast at loading
- easy to use and easily customizable
A library of support tutorials is there as well to help you along.
There are many positives on this template, from code quality to customization ease, to customer support! HIGHLY RECOMMENDED!!! — rodeospot
Visit the site and check out the video tutorials to learn more.
What makes a WordPress theme smart, and clever like a fox? A talented author or design team obviously has something to do with it, but the main reason is attention to detail. TheFox is smart because its designers attended to the minutest of details to achieve what they were after — a multi-purpose theme with a solid track record and a whole host of satisfied users.
A very powerful theme with incredible flexibility. Their support is always helpful as well on the occasions I need help with something on the theme. — logo24
Click here to learn more about the smartest WordPress theme of all.
If you’re planning to build a WooCommerce store, a company website, or even a blogging site, Hongo could offer precisely what you need. This relatively new WordPress theme sports a modern, refreshing look. In the package you’ll find:
- a whole host of demos, design elements, and templates
- the popular WPBakery page builder
- custom shortcodes
- one-click demo import.
One of the best themes, simple to customize and very functional. Well done. — creopolitan
Take a closer look at Hongo to see how it can help you.
Pofo is an excellent choice for anyone needing to build and launch an engaging, award-winning online portfolio. It’s no secret that a good portfolio design can be a key factor leading to a business’s success.
- Pofo is blazing fast and fully responsive
- Pofo is 100% Gutenberg compatible
- You’ll find an impressive array of home and demo pages, design elements, and premium plugins
- The package also features the WPBakery page builder, Revolution Slider, and plenty of online documentation.
I purchased this template to create my online portfolio. So far, it has been amazing! The design is very modern and looks great across all platforms. But most of all, I’m not an expert at web design and their customer support has been phenomenal. — meganyam
Click here to find out more about this premium portfolio website builder.
Schema is not your ordinary multipurpose theme. While its many features are similar to what is found in most premium themes of this type, there’s one significant difference that can make investing in Schema a wise decision. It’s Schema’s unique SEO functionality, which:
- knows what search engines are looking for
- guides the search engines through your site
- checks for clean code and checks page load time.
All in the interest of improving your site’s ranking.
Easy to customize and support is great. — fmueller01
SEO design problems? Check Schema out.
While any web designer or developer can make good use of this theme, Leadinjection is an especially valuable tool to have if you’re in charge of maintaining several websites.
This is because Leadinjection makes the typically tricky problem of adding a new page to an operational site easy.
Leadinjection is also WordPress multisite compatible, WPML and translation ready, and conversion focused.
Fast Support. … I could not even finish my beer. … Love the backend and I look forward to more business with this company. — brianskolnick
Add this useful tool to your designer’s toolbox.
Although the emphasis of this article may seem to be on multipurpose themes, most of those listed have one or more unique features. These features could prove to be especially valuable to you. If you’re a beginning designer, a multipurpose theme is usually a best bet.
If you’re more advanced or have a number of clients to satisfy, you may want to look more closely at which each theme has to offer that the others may not. In any event, we hope you’ve found something that will ease your workload and eliminate any stress you’re experiencing.
Please share this article with a fellow designer or on social media. We’d love to hear about the results of your shopping experience.
How To Manage A Technical Debt Properly
Co-founder & CEO at stepsize.com, SaaS to measure & manage technical debt
We’re used to thinking that you cannot deliver fast and maintain a healthy codebase. But does it really has to be a trade-off?
One of my greatest privileges building Stepsize has been hearing from hundreds of the best engineering teams in the world about how they ship software at pace while maintaining a healthy codebase.
That’s right, these teams go faster because they manage technical debt properly. We’re so used to the quality vs. cost trade-off that this statement sounds like a lie—you can’t both be fast and maintain a healthy codebase.
Martin Fowler does a great job at debunking this idea in his piece ‘Is high quality software worth the cost?‘. Spoiler:
High quality software is actually cheaper to produce.
The lessons I’ll relay in this article are drawn from the combined centuries of experience of the these 300+ software engineers I’ve interviewed.
As Adam Tornhill and I recently discussed in our webinar, software has well and truly eaten the world. And look, if you’re here, this will probably sound like a cliché to you. In this case, it’s because it’s true. Look around you, can you name one object that didn’t need some form of software intervention to be manufactured, purchased, or delivered to you?
Software companies live and die by the quality of their software, and the speed at which they deliver it.
Stripe found that ‘engineers spend 33% of their time dealing with technical debt’. Gartner found that companies who manage technical debt ship 50% than those who don’t. These data points may seem a little dry, but we intuitively know they’re true. How many times have we estimated a feature will be delivered in a sprint, only for it to take two? Now take a moment to extrapolate and think about the impact this will have on your company over a year, two, or its entire lifespan.
Is it not clear that companies who manage technical debt properly simply win?
A simple framework to achieve these results
Google around for ‘types of technical debt’, and you’ll find hordes of articles by authors geeking out about code debt, design debt, architecture debt, process debt, infrastructure debt—this debt that debt.
These articles are helpful in that they can train you to recognise technical debt when you come across it, but they won’t help you decide how to deal with each piece of debt, let alone how to manage tech debt as a company.
The only thing that matters is whether you’re dealing with a small, medium, or large piece of debt.
The process for small pieces of debt
This is the type of tech debt that can be handled as soon as the engineer spots it in the code—a quick refactoring or variable rename. Engineers don’t need anyone’s approval to do this, or to create a ticket for it to be prioritised. It is simply part of their jobs to apply the boyscout rule coined by Uncle Bob:
Always leave the code better than you found it.
This is table stakes at every software company who have their tech debt under control that I’ve interviewed. It’s mostly driven by Engineering culture, gets enforced in PRs or with linters, and it is understood that it is every individual contributor’s responsibility to handle small pieces of debt when they come across them.
The process for medium-sized debt
The top performers I’ve interviewed stress the importance of addressing technical debt continuously as opposed to tackling it in big projects.
Paying off technical debt is a process, not a project.
You do not want to end up in a situation where you need to stop all feature development to rewrite your entire application every three to five years.
This is why these teams dedicate 10-30% of every sprint to maintenance work that tackles technical debt. I call the tech debt that is surfaced and addressed as part of this process medium-sized debt.
To determine what proportion of your sprint to allocate to tech debt, simply find the overlap between the parts of your codebase you’ll modify with your feature work, and the parts of your codebase where your worse tech debt lives. You can then scope out the tech debt work and allocate resources accordingly. Some teams even increase the scope of their feature work to include the relevant tech debt clean up. More in this article ‘How to stop wasting time on tech debt‘.
For this to work, individual contributors need to track medium-sized debt whenever they come across it. It is then the Team Lead’s responsibility to prioritise this list of tech debt, and to discuss it with the Product Manager prior to sprint planning so that engineering resources can be allocate effectively.
The process for large pieces of debt
Every once in a while, your team will realise that some of the medium-sized debt they came across is actually due to a much larger piece of debt. For example, they may realise that the reason the frontend code is under-performing is because they should be using a different framework for the job.
Left unattended, these large pieces of debt can cause huge problems, and—like all tech debt—get much worse as time goes by.
The best companies I’ve interviewed have monthly or quarterly technical planning sessions in which all engineering and product leaders participate. Depending on the size of the company, Staff Engineer, Principal Engineers, and/or Engineering Managers are responsible for putting together technical proposals outlining the problem, solution, and business case for each of these large pieces of debt. These then get reviewed by engineering and product leadership and the ones that get prioritised are added to the roadmap.
How to achieve this easier
In order to be able to run this process, you need to have visibility into your tech debt. A lot of companies I’ve spoken to try to achieve this by creating a tech debt backlog in their project management tool or in a spreadsheet.
It’s a great way to start, but here’s the problem: these issues will not contain the context necessary for you to prioritise them effectively. Not only do you need to rank each tech debt issue against all others, you also need to convincingly argue that fixing this tech debt is more important than using these same engineering resources towards shipping a new feature instead.
Here’s the vicious cycle that ensues: the team tracks debt, you can’t prioritise it, so you can’t fix it, the backlog grows, it’s even harder to prioritise and make sense of it, you’re still not effectively tackling your debt, so the team stops tracking it. You no longer have visibility into your debt, still can’t prioritise it, and it was all for nothing.
We built Stepsize to solve this exact problem. With our product, engineers can track debt directly from their workflow (code editor, pull request, Slack, and more) so that you can have visibility into your debt. Stepsize automatically picks up important context like the code the debt relates to, and engineers get to quantify the impact the debt is having on the business and the risks it presents (e.g. time lost, customer risk, and more) so that you can prioritise it easily.
You can join the best software companies by adopting this process, start here.
Previously published at https://www.stepsize.com/blog/how-to-maintain-a-healthy-codebase-while-shipping-fast
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What is key to stirring a Litecoin comeback on the charts?
[PRESS RELEASE – Please Read Disclaimer]
Zug, Switzerland, 9th March, 2021, // ChainWire // Privacy-centric blockchain Concordium has finalized its MVP testnet and concluded a private sale of tokens to fund further development. The company secured $15M in additional funding for the Public and permissionless compliance-ready privacy-centric blockchain.
Late February Concordium announced joint venture cooperation between Concordium and Geely Group, a Fortune 500 company and automotive technology firm. The partnership will focus on building blockchain-based services on Concordium’s enterprise-focused chain.
Concordium recently completed Testnet 4, which saw over 2,300 self-sovereign identities issued and over 7,000 accounts created, with more than 1,000 active nodes, 800 bakers, and over 3,600 wallet downloads. The successful testnet led to the release of Concordium smart contracts functionality based on RustLang, with a select group of community members participating in stress-testing the network. Test deployments for smart contracts included gaming, crowdfunding, time-stamping, and voting.
Concordium CEO Lone Fonss Schroder said: “The interest of the community, from RustLang developers, VCs, system integrators, family offices, crypto service providers, and private persons, has been amazing. Concordium has fielded strong demand from DeFi projects looking to build on a blockchain with ID at the protocol level.”
Concordium will bring its blockchain technology for broad use, which also appeals to enterprises with protocol-level ID protected by zero-knowledge proofs and stable transaction costs to support predictable, fast, and secure transactions. Its core scientific team is made up of renowned researchers Dr. Torben Pedersen, creator of the Pedersen commitment, and Prof. Ivan Damgård, father of the Merkel-Damgård Construct.
Concordium, which is on course for a mainnet launch in Q2, aims to solve the long-standing blockchain-for-enterprise problem by addressing it in a novel way with a unique software stack based on peer-reviewed and demonstrated advanced identity and privacy technologies providing speed, security and counterpart transparency.
The Concordium team intends to announce its post-mainnet roadmap in the coming days.
Concordium is a next-generation, broad-focused, decentralized blockchain and the first to introduce built-in ID at the protocol level. Concordium’s core features solve the shortcomings of classic blockchains by allowing identity management at the protocol level and zero-knowledge proofs, which are used to replace anonymity with perfect privacy. The technology supports encrypted payments with software that upholds future regulatory compliance demands for transactions made on the blockchain. Concordium employs a team of dedicated cryptographers and business experts to further its vision. Protocols are science-proofed by peer reviews and developed in cooperation with Concordium Blockchain Research Center Aarhus, Aarhus University, and other global leading universities, such as ETH Zürich, a world-leading computer science university, and the Indian Institute of Science.
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Bowling in VR!
The bowling ball: By pressing the trigger on the controller, the user can pick up, hold, and release the ball. The weight and speed of the ball mimics the movement that a regular bowling ball would have. After it is thrown, the ball will respawn in the starting position by hitting the backstop, or through a manual reset from the user pressing the “reset ball” button.
The pins: Once hit by bowling ball, the pins will fall down after the collision. Once all of the pins are hit, they will respawn to reset the game. The pins can also be manually be reset through the button as seen in the image above on the right hand side. The design of the both the ball and pins were already pre-created in the asset store which are available for free.
The asset store is your friend!
The lane: With a wood flooring, the lane has two walls on either side with a backstop, simulating bumpers that would be regularly seen bowling.
Here’s a look into how the game actually works!
These are the components added on the bowling ball for functionality in collision and interactivity. The rigid body and mesh collider are also applied to the bowling pins, with the only change in mass (the pins are 1, while the ball is 3), and the OVR Grabbable script.
Rigid body: This makes sure the laws of physics and gravity are applied upon the game objects, and lets you apply forces and control it in a realistic way.
Mesh Collider: The checkmark on “Convex” indicates that this mesh collider object will collide with other mesh collider objects so that they don’t fall through the floor!
OVR Grabbable: From the free oculus integration in the asset store, the ovr grabbable script was already pre-made, allowing user interactiveness.
Pin and Ball Reset:
To reset both the pins and the ball, the user can click on these floating buttons in order to do so. I followed this tutorial (step 4 & 5) to add the buttons, but the most important step is integrating the Tilia package along with all the prefabs (fully configured game objects that have already been created for your use).
Installing the Tilia package into Unity: navigate to the manifest.json file in finder (go to the actual folder in your computer). After opening it up, there will be a section that says “dependencies”. At the bottom of this section, add in “io.extendreality.tilia.input.unityinputmanager”: “1.3.16”. The code below is a shortened version of what the dependencies would look like, and all the tilia extensions I added to complete this project.
//Above are a few of the dependencies already installed, while the tilia extensions below were manually added"io.extendreality.tilia.input.unityinputmanager": "1.3.16",
For the code behind the reset, here is a look into the C# script for the pins:
The Awake() call is used to load certain set up necessary prior to the game scene.
The SavePositions() method is called, where all the starting positions of the pins are logged in an array.
The ResetPositions() method contains a for loop, and goes through each of the pins to set the position and rotation to the original value saved previously. The velocity is also flattened on the pins, in the case that it spun out after being knocked over.
Once again, the asset store comes in really handy! The free oculus integration is compiled of pre-made scripts and functions, such as the OVR Player Controller that includes the camera rig for the oculus and the controller visibility. To properly set it up with controller integration, I followed this tutorial that is also mentioned underneath the resources below. I had to turn on developer mode on the oculus app and connect my computer to the headset with the USB-C charging cable.
Some awesome resources that helped me out:
India’s Crypto Ban Uncertain as Finance Minister Touts a Window for Experiments
Aave is a decentralized, open-source, non-custodial liquidity protocol that enables users to earn interest on cryptocurrency deposits, as well as borrow assets through smart contracts.
Aave is interesting (pardon the pun) because interest compounds immediately, rather than monthly or yearly. Returns are reflected by an increase in the number of AAVE tokens held by the lending party.
Apart from helping to generate earnings, the protocol also offers flash loans. These are trustless, uncollateralized loans where borrowing and repayment occur in the same transaction.
The following article explores Aave’s history, services, tokenomics, security, how the protocol works, and what users should be wary of when using the Aave platform.
How Does Aave Work?
The Aave protocol mints ERC-20 compliant tokens in a 1:1 ratio to the assets supplied by lenders. These tokens are known as aTokens and are interest-bearing in nature. These tokens are minted upon deposit and burned when redeemed.
These aTokens, such as aDai, are pegged at a ratio of 1:1 to the value of the underlying asset – that is Dai in the case of aDai.
The lending-borrowing mechanism of the Aave lending pool dictates that lenders will send their tokens to an Ethereum blockchain smart contract in exchange for these aTokens — assets that can be redeemed for the deposited token plus interest.
Borrowers withdraw funds from the Aave liquidity pool by depositing the required collateral and, also, receive interest-bearing aTokens to represent the equivalent amount of the underlying asset.
Each liquidity pool, the liquidity market in the protocol where lenders deposit and borrowers withdraw from, has a predetermined loan-to-value ratio that determines how much the borrower can withdraw relative to their collateral. If the borrower’s position goes below the threshold LTV level, they face the risk of liquidation of their assets.
Humble Beginnings as ETHLend
Aave was founded in May 2017 by Stani Kulechov as a decentralized peer-to-peer lending platform under the name ETHLend to create a transparent and open infrastructure for decentralized finance. ETHLend raised 16.5 million US dollars in its Initial Coin Offering (ICO) on November 25, 2017.
Kulechov, currently serving also as the CEO of Aave, has successfully led the company into the list of top 50 blockchain projects published by PWC. Aave is headquartered in London and backed by credible investors, such as Three Arrows Capital, Framework Ventures, ParaFi Capital, and DTC Capital.
ETHLend widened its bouquet of offerings and rebranded to Aave by September 2018. The Aave protocol was formally launched in January 2020, switching to the liquidity pool model from a Microstaking model.
To add context to this evolution from a Microstaking model to a Liquidity Pool model, Microstaking was where everyone using the ETHLend platform. Whether one is applying for a loan, funding a loan, or creating a loan offer, they had to purchase a ticket to obtain the rights to use the application, and that ticket had to be paid in the platform’s native token LEND. The ticket was previously a small amount pegged to USD, and the total number of LEND needed varied based on the token’s value.
In the liquidity pool model, Lenders deposit funds to liquidity pools. Thus creating what’s known as a liquidity market, and borrowers can withdraw funds from the liquidity pools by providing collateral. In case the borrowers become undercollateralized, they face liquidation.
Aave is typically pronounced “ah-veh.”
Aave’s Products and Services
The Aave protocol is designed to help people lend and borrow cryptocurrency assets. Operating under a liquidity pool model, Aave allows lenders to deposit their digital assets into liquidity pools to a smart contract on the Ethereum blockchain. In exchange, they receive aTokens — assets that can be redeemed for the deposited token plus interest.
Borrowers can take out a loan by putting their cryptocurrency as collateral. The liquidity protocol of Aave, as per the latest available numbers, is more than 4.73 billion US dollars strong.
Aave’s Flash loans are a type of uncollateralized loan option, which is a unique feature even for the DeFi space. The Flash Loan product is primarily utilized by speculators seeking to take advantage of quick arbitrage opportunities.
Borrowers can instantly borrow cryptocurrency for a matter of seconds; they must return the borrowed amount to the pool within one transaction block. If they fail to return the borrowed amount within the same transaction block, the entire transaction reverses and undo all actions executed until that point.
Flash loans encourage a wide range of investment strategies that typically aren’t possible in such a short window of time. If used properly, a user could profit through arbitrage, collateral swapping, or self-liquidation.
Aave allows borrowers to switch between fixed and floating rates, which is a fairly unique feature in DeFi. Interest rates in any DeFi lending and borrowing protocol are usually volatile, and this feature offers an alternative by providing an avenue of fixed stability.
For example, if you’re borrowing money on Aave and expect interest rates to rise, you can switch your loan to a fixed rate to lock in your borrowing costs for the future. In contrast, if you expect rates to decrease, you can go back to floating to reduce your borrowing costs.
Aave Bug Bounty Campaign
Aave offers a bug bounty for cryptocurrency-savvy users. By submitting a bug to the Aave protocol, you can earn a reward of up to $250,000.
The maximum supply of the AAVE token is 16 million, and the current circulating supply is a little above 12.4 million AAVE tokens.
Initially, AAVE had 1.3 billion tokens in circulation. But in a July 2020 token swap, the protocol swapped the existing tokens for newly minted AAVE coins at a 1:100 ratio, resulting in the current 16 million supply. Three million of these tokens were kept in reserve allocated to the development fund for the core team.
Aave’s price has been fairly volatile, with an all-time high of $559.12 on February 10, 2021. The lowest price was $25.97 on November 5th, 2020.
Aave stores funds on a non-custodial smart contract on the Ethereum blockchain. As a non-custodial project, users maintain full control of their wallets.
Aave governance token holders can stake their tokens in the safety module, which acts as a sort of decentralized insurance fund designed to ensure the protocol against any shortfall events such as contract exploits. In the module, the stakers can risk up to 30% of the funds they lock in the module and earn a fixed yield of 4.66%.
The safety module has garnered $375 million in deposits, which is arguably the largest decentralized insurance fund of its kind.
Final Thoughts: Why is Aave Important?
Aave is a DeFi protocol built on strong fundamentals and has forced other competitors in the DeFi space to bolster their value propositions to stay competitive. Features such as Flash loans and Rate switching offer a distinct utility to many of its users.
Aave emerged as one of the fastest-growing projects in the Summer 2020 DeFi craze. At the beginning of July 2020, the total value locked in the protocol was just above $115 million US dollars. In less than a year, on February 13, 2021, the protocol crossed the mark of 6 billion US dollars. The project currently allows borrowing and lending in 20 cryptocurrencies.
Aave is important because it shows how ripe the DeFi space is for disruption with new innovative features and how much room there is to grow.
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