Details about Aave WETH cryptocurrency
Aave WETH
AWETH
Unknown for now
€84
1
Unknown
https://aave.com/
@aaveaave
Aave WETH price charts
AWETH exchanges
Aave WETH, the crypto
Aave WETH (AWETH) is an interest-bearing token that represents wrapped ether (WETH) deposited into the Aave lending protocol. Holders of AWETH can earn interest on their deposits and can redeem their AWETH for the underlying WETH at any time.
The point
The main point of Aave WETH (AWETH) is to provide users with a way to earn interest on their ETH holdings while still maintaining liquidity. By depositing WETH into the Aave protocol and holding AWETH, users can earn interest on their deposit and easily trade or withdraw their funds at any time.
The problem
Prior to the creation of AWETH, users holding ETH had limited options for earning interest on their holdings without sacrificing liquidity. Aave WETH solves this problem by allowing users to deposit their ETH into the Aave protocol and earn interest in the form of AWETH, while still being able to redeem their underlying ETH at any time.
Compare AWETH and BTC performance
| Timeframe | AWETH | BTC |
|---|---|---|
| 1h change | -0.314455 % | 0.77796 % |
| 24h change | -3.27 % | -1.20569 % |
| 7 day change | 1.63 % | 0.0916028 % |
| 14 day change | -11.33 % | -8.1602 % |
| 30 day change | -12.66 % | -7.83751 % |
| 200 day change | 88.32 % | 127.067 % |
| Year change | 75.37 % | 139.895 % |