Details about Balancer Boosted Aave USD cryptocurrency
€1,040
25,961,484
0
Unknown
Balancer Boosted Aave USD price charts
BB-A-USD exchanges
Balancer Boosted Aave USD, the crypto
Balancer Boosted Aave USD (BB-A-USD) is a cryptocurrency created by Balancer Labs and Aave to combine their products in a single platform. It is a stablecoin that tracks the price of USD and is backed by a pool of underlying assets like Aave, Balancer, and others.
The point
The main point of Balancer Boosted Aave USD (BB-A-USD) is to provide users with a stablecoin that is backed by a diversified portfolio of underlying assets that can generate yield. It also allows users to access liquidity and trade various assets within the Balancer ecosystem.
The problem
Balancer Boosted Aave USD (BB-A-USD) tries to solve the problem of stablecoins being backed by a single asset or pegged to a single currency. By combining the assets of Aave and Balancer, BB-A-USD provides users with a stablecoin that is both diversified and can generate yield, reducing the risk of volatility in the market.
Compare BB-A-USD and BTC performance
| Timeframe | BB-A-USD | BTC |
|---|---|---|
| 1h change | 0 % | -0.0161418 % |
| 24h change | 0 % | 1.98189 % |
| 7 day change | 0 % | -5.01753 % |
| 14 day change | 0 % | -0.57204 % |
| 30 day change | 0 % | -8.91389 % |
| 200 day change | -96.57 % | 133.037 % |
| Year change | -96.62 % | 124.93 % |