Details about avWBTC cryptocurrency
avWBTC
AVWBTC
Unknown for now
€152,124
20.383
0.063
https://aave.com/
@aaveaave
avWBTC price charts
AVWBTC exchanges
avWBTC, the crypto
avWBTC (AVWBTC) is a derivative ERC-20 token of Wrapped Bitcoin (WBTC) that has been delegated to Aave protocol. It represents a version of WBTC that can be used as collateral in the Aave ecosystem. With avWBTC, users can borrow against their Bitcoin holdings without selling them, thereby avoiding the need to take on fiat currency debt.
The point
The main point of avWBTC (AVWBTC) is to provide a way for holders of Bitcoin to use it as collateral for loans in the Aave ecosystem. This allows them to take advantage of DeFi lending and borrowing opportunities while holding onto their Bitcoin investment.
The problem
avWBTC (AVWBTC) tries to solve the problem of Bitcoin holders not being able to utilize their holdings while still holding onto them. Instead of selling their Bitcoin to take advantage of DeFi opportunities, holders can now use avWBTC as collateral to participate in the Aave ecosystem and benefit from DeFi lending and borrowing.
Compare AVWBTC and BTC performance
| Timeframe | AVWBTC | BTC |
|---|---|---|
| 1h change | 0 % | 0.29308 % |
| 24h change | 0 % | -4.6819 % |
| 7 day change | 0 % | 1.48969 % |
| 14 day change | 0 % | -8.92904 % |
| 30 day change | 0 % | -8.43816 % |
| 200 day change | 0 % | 126.811 % |
| Year change | 0 % | 139.598 % |