Details about Aave ETH v1 cryptocurrency
€0
3,066
1
Unknown
https://aave.com/atokens
@aaveaave
0x
€364253000
Aave ETH v1 price charts
AETH exchanges
Aave ETH v1, the crypto
Aave ETH v1 (AETH) is an ERC-20 token that is a representation of deposited ETH in Aave's lending platform. Holders of AETH receive interest on their deposits and can use it as collateral to borrow other tokens on the Aave platform.
The point
The main point of Aave ETH v1 (AETH) is to provide liquidity to the decentralized finance (DeFi) ecosystem by enabling users to earn interest on their ETH deposits and use them as collateral to access other tokens.
The problem
Aave ETH v1 (AETH) tries to solve the problem of liquidity fragmentation in the DeFi ecosystem by creating a common pool of collateral that can be used to support the borrowing and lending of a wide range of tokens. It also aims to improve the efficiency of the lending process by using smart contracts to automate the borrowing and lending process.
Compare AETH and BTC performance
| Timeframe | AETH | BTC |
|---|---|---|
| 1h change | 0 % | -1.20369 % |
| 24h change | 0 % | -1.67734 % |
| 7 day change | 0 % | -13.4064 % |
| 14 day change | 0 % | -9.86769 % |
| 30 day change | 0 % | -1.25024 % |
| 200 day change | 0 % | 114.805 % |
| Year change | 0 % | 105.794 % |