Details about avWETH cryptocurrency
€390,060
23.728
0.063
https://aave.com/
@aaveaave
avWETH price charts
AVWETH exchanges
avWETH, the crypto
avWETH (AVWETH) is a decentralized finance (DeFi) token that is a variant of Wrapped Ether (WETH) and is native to the Aave lending protocol. It is a liquidity provider that allows users to earn interest from supply WETH or borrow other assets using WETH as collateral.
The point
The main point of avWETH (AVWETH) is to provide liquidity to the Aave platform and allow users to earn interest on their WETH holdings. It is designed to incentivize users to supply WETH to the Aave lending pool to enable borrowers to access liquidity and earn interest rates.
The problem
avWETH (AVWETH) solves the problem of providing liquidity to the Aave platform by allowing users to earn interest from their WETH holdings. It eliminates the need for users to hold idle WETH by allowing them to supply it as collateral to earn interest and borrow other assets. This symbiotic relationship encourages investors to lend their assets and facilitates the borrowing of various crypto assets backed by WETH deposits.
Compare AVWETH and BTC performance
| Timeframe | AVWETH | BTC |
|---|---|---|
| 1h change | 0 % | 0.272848 % |
| 24h change | 0 % | 2.93623 % |
| 7 day change | 0 % | -5.15544 % |
| 14 day change | 0 % | -3.87916 % |
| 30 day change | 0 % | -1.52039 % |
| 200 day change | 0 % | 127.769 % |
| Year change | 0 % | 127.898 % |