Details about Aave KNC cryptocurrency
Aave KNC
AKNC
Unknown for now
€0
33,670
1
Unknown
https://aave.com/atokens
@aaveaave
63454000x
€35209700
Aave KNC price charts
AKNC exchanges
Aave KNC, the crypto
Aave KNC (AKNC) is a decentralized finance (DeFi) token that represents the Kyber Network Crystal (KNC) asset on the Aave lending protocol. It enables users to borrow and lend KNC using AKNC as collateral and provides various benefits to the users such as reduced borrowing rates.
The point
The main point of Aave KNC (AKNC) is to provide an alternative method of utilizing KNC assets as collateral on the Aave platform. The token facilitates increased liquidity and access to funds for users who may not have access to traditional forms of lending, while also reducing the borrowing costs associated with using KNC as collateral.
The problem
Aave KNC (AKNC) aims to address the lack of liquidity and accessibility of KNC by allowing users to use it as collateral for borrowing and lending. It also aims to reduce the borrowing costs associated with using KNC as collateral, making it more accessible to a wider range of users.
Compare AKNC and BTC performance
| Timeframe | AKNC | BTC |
|---|---|---|
| 1h change | -0.0317799 % | -0.113414 % |
| 24h change | -0.4 % | 0.280879 % |
| 7 day change | 3.09 % | -1.26201 % |
| 14 day change | -21.62 % | -9.72239 % |
| 30 day change | -35.8 % | -7.76318 % |
| 200 day change | -18.69 % | 126.331 % |
| Year change | -12.2 % | 132.257 % |