Aave WBTC (AWBTC)
Details about Aave WBTC cryptocurrency
Aave WBTC
AWBTC
Unknown for now
€0
601
1
Unknown
https://aave.com/atokens
@aaveaave
32778x
€2129860000
Aave WBTC price charts
AWBTC exchanges
Aave WBTC, the crypto
Aave WBTC (AWBTC) is a cryptocurrency that is a wrapped version of Bitcoin (BTC). It is created by wrapping Bitcoin into an ERC-20 token, which can then be used on the Ethereum blockchain. Aave is a decentralized finance (DeFi) platform that allows users to borrow and lend cryptocurrencies. Aave WBTC is a way for cryptocurrency holders to earn interest on their Bitcoin without having to sell it, while at the same time providing liquidity to the Ethereum ecosystem.
The point
The main point of Aave WBTC is to allow Bitcoin holders to access the DeFi ecosystem on the Ethereum blockchain without having to sell their Bitcoin. By wrapping Bitcoin into an ERC-20 token, it can be used as collateral for loans and earn interest through the Aave platform. This provides liquidity to the DeFi ecosystem and allows cryptocurrency holders to earn interest on their holdings without sacrificing their Bitcoin.
The problem
Aave WBTC aims to solve the problem of providing liquidity to the Ethereum ecosystem while allowing Bitcoin holders to continue to hold their Bitcoin. Prior to the creation of Aave WBTC, it was difficult for Bitcoin holders to participate in the DeFi ecosystem without selling their BTC. This created a liquidity problem for the Ethereum ecosystem and made it difficult for Bitcoin holders to earn interest on their holdings. Aave WBTC solves this problem by creating a wrapped version of Bitcoin that can be used on the Ethereum blockchain, providing liquidity to the DeFi ecosystem and allowing Bitcoin holders to earn interest on their holdings.
Compare AWBTC and BTC performance
Timeframe | AWBTC | BTC |
---|---|---|
1h change | -1.41705 % | -0.434243 % |
24h change | -0.13 % | 0.748949 % |
7 day change | 6.37 % | 6.28102 % |
14 day change | 2.48 % | 4.81165 % |
30 day change | 23.3 % | 23.3841 % |
200 day change | 170.26 % | 170.377 % |
Year change | 151.03 % | 155.76 % |