Details about Aave BAT v1 cryptocurrency
Aave BAT v1
ABAT
Unknown for now
€0
457,333
1
Unknown
https://aave.com/atokens
@aaveaave
11111500x
€2509530
Aave BAT v1 price charts
ABAT exchanges
Aave BAT v1, the crypto
Aave BAT v1 (ABAT) is a cryptocurrency token that is used as collateral on the Aave Protocol. It is an ERC-20 token that represents the value of Basic Attention Token (BAT), a blockchain-based digital advertising platform.
The point
The main point of Aave BAT v1 (ABAT) is to provide a way for BAT holders to put their tokens to work as collateral for borrowing other cryptocurrencies, such as ETH or stablecoins. This allows them to earn a return on their BAT holdings without having to sell them.
The problem
The problem that Aave BAT v1 (ABAT) tries to solve is the lack of liquidity and utility for BAT holders. By allowing them to use their BAT as collateral, they are able to access other cryptocurrencies and earn a return on their holdings, while still retaining ownership of their BAT tokens. This can also help to increase the overall liquidity of the BAT market.
Compare ABAT and BTC performance
| Timeframe | ABAT | BTC |
|---|---|---|
| 1h change | -0.080322 % | -0.360343 % |
| 24h change | -1.15 % | -1.34653 % |
| 7 day change | -21.06 % | -8.00126 % |
| 14 day change | -14.16 % | -4.44299 % |
| 30 day change | -17.75 % | -5.81283 % |
| 200 day change | 32.6 % | 128.847 % |
| Year change | -11 % | 116.885 % |