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Aave Ethereum USDT

Aave Ethereum USDT

AETHUSDT
$0.9997Down 0.02 percent($0.00)

Key Stats

Market Cap$2.89BDown 0.02 percent
Volume (24h)$51.46K
Fully Diluted Value$2.89B
Vol/Mkt Cap (24h)0.00%
Total Supply2.89B AETHUSDT
Max Supply∞
Circulating Supply2.89B AETHUSDT
Launch Date2023-02-13
Built OnETH
Token StandardERC20
Smart Contract Address0x2387…086a
Decimal Places6

Aave Ethereum USDT Information

Websites
aave.com
Industries
Stablecoin
Parent Asset
USDT

Aave Ethereum USDT Price Converter

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InstrumentExchangeBenchmark DataPrice24h Change
Aave Ethereum USDTUSDT logo
AETHUSDT-USDT
aethusdtusdt
huobipro logohuobipro
C
1.00USDT
0.01%

Aave Ethereum USDT Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
aEthUSDTERC20ETH0x23878914efe38d27c4d67ab83ed1b93a74d4086a2023-02-13

About Aave Ethereum USDT

Aave Ethereum USDT (AETHUSDT) is an interest-bearing token representing USDT deposits in Aave's V3 lending pool on Ethereum. It accrues interest over time, with the token balance increasing to reflect earnings. AETHUSDT is integral to Aave's DeFi ecosystem, enabling users to earn yield and participate in various financial activities.

Frequently Asked Questions

Aave Ethereum USDT (AETHUSDT), also referred to as aEthUSDT, is an interest-bearing token issued by the Aave Protocol on the Ethereum blockchain. It represents a user's deposit of Tether (USDT) into Aave's Version 3 (V3) lending pool. When users deposit USDT into Aave, they receive a corresponding amount of aEthUSDT tokens. These tokens accrue interest over time, reflecting the yield generated from lending activities within the protocol. The aEthUSDT token maintains a 1:1 peg with the underlying USDT, with its value increasing as interest accumulates.

AETHUSDT serves as a yield-bearing token within the Aave ecosystem. Users receive aEthUSDT tokens when they deposit USDT into Aave's V3 lending pool. These tokens can be held to earn interest or used in other decentralized finance (DeFi) applications that accept aTokens. The interest earned is automatically reflected in the increasing balance of aEthUSDT in the user's wallet, eliminating the need for manual claim processes.

AETHUSDT is part of the Aave Protocol, a decentralized finance platform founded by Stani Kulechov. Originally launched as ETHLend in 2017, the platform rebranded to Aave and has since evolved through multiple versions, with V3 being the latest iteration. Aave V3 introduced features like cross-chain asset transfers and improved efficiency. The protocol is developed and maintained by Aave Labs and operates as an open-source project.