AETH
Aave ETH
$2,142.40
1.85%
Aave ETH
AETH
$2,142.40
1.85%
Aave ETH Price Converter
Aave ETH Information
Aave ETH Markets
About Aave ETH
Aave ETH (AETH) is a token in the Aave protocol, a decentralized lending platform by Stani Kulechov. AETH represents supplied assets and their yield, with a 1:1 value peg. It allows earning interest, transferring balances, and was created by the Aave team.
Aave ETH (AETH) is part of the Aave protocol, a decentralized lending platform that was created by a team of coders led by Stani Kulechov1. AETH, also known as aTokens, are minted and burnt upon the supply and withdrawal of assets to an Aave market. These tokens represent the amount of cryptocurrency assets supplied and the yield earned on those assets. The value of aTokens is pegged to the value of the corresponding supplied asset at a 1:1 ratio, and they can be safely stored, transferred, or traded. All yield collected by the aTokens' reserves are distributed to aToken holders directly by continuously increasing their wallet balance.
Aave ETH (AETH) is primarily used as a mechanism for earning interest on supplied assets in the Aave market. The balance of aTokens represents the user's principal balance plus the yield generated by that balance. The state and cumulated liquidity index of the reserve are updated every block, allowing aToken's balance to reflect the most up-to-date account balance, which includes the principal plus interest.
Furthermore, aTokens can be transferred, and by doing so, the balance of the underlying asset is transferred. However, it is important to note that only the account holding the aTokens can withdraw the deposited asset. If aToken is transferred, the liquidity rewards earned prior to the transfer stay with the original holder, while all future liquidity rewards are earned by the new recipient.
Aave ETH (AETH) was created as part of the Aave protocol by a team of coders led by Stani Kulechov.
