Details about Aave Interest Bearing STETH cryptocurrency
Aave Interest Bearing STETH
ASTETH
Unknown for now
€0
188,593
1
Unknown
https://aave.com/
@aaveaave
2145x
€6326160
Aave Interest Bearing STETH price charts
ASTETH exchanges
Aave Interest Bearing STETH, the crypto
Aave Interest Bearing STETH (ASTETH) is a cryptocurrency asset that is locked up in the Aave protocol to earn interest. It is essentially wrapped Staked ETH (STETH) that earns a variable interest rate based on the supply and demand of the asset on the Aave platform.
The point
The main point of Aave Interest Bearing STETH (ASTETH) is to provide Staked ETH (STETH) holders with a way to earn interest on their assets while still being able to participate in the Ethereum 2.0 staking network.
The problem
Aave Interest Bearing STETH (ASTETH) tries to solve the problem of illiquidity for Staked ETH (STETH) holders. By allowing users to lock up their STETH in the Aave protocol, they can earn interest while still having the ability to use their funds as collateral for loans or trade them on decentralized exchanges. This creates more flexibility for STETH holders and reduces the risk of their assets becoming illiquid.
Compare ASTETH and BTC performance
| Timeframe | ASTETH | BTC |
|---|---|---|
| 1h change | -0.665403 % | 1.00456 % |
| 24h change | 0.43 % | 0.313361 % |
| 7 day change | 2.38 % | 4.77707 % |
| 14 day change | -9.58 % | -8.09825 % |
| 30 day change | -10.91 % | -7.22448 % |
| 200 day change | 90.03 % | 127.217 % |
| Year change | 73.31 % | 133.126 % |