Aave Ethereum Coinbase Wrapped Staked ETH

1. Summary

Ranks

Liquidity

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Developer

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Social

11

Momentum (beta)

0

Stack Rank™

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Price

$0.000000000000 0.0%

Market Cap

$ (#29851)

Supply

/

Tags

Ethereum Ecosystem

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Price
All Time High (ATH) Date	15th Dec 2024 (2 months ago)
All Time Low (ATL) Date	15th Dec 2024 (2 months ago)

Supply & Trading Volume

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Description

Aave Ethereum Coinbase Wrapped Staked ETH (AWETH) is a market pool within the Aave V3 Ethereum (ETH) liquidity protocol. This platform provides a decentralized, non-custodial lending and borrowing network, enabling users to lend and borrow cryptocurrencies with variable interest rates. The AWETH market pool utilizes wrapped staked Ether to create a...

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Aave Ethereum Coinbase Wrapped Staked ETH (AWETH) is a market pool within the Aave V3 Ethereum (ETH) liquidity protocol. This platform provides a decentralized, non-custodial lending and borrowing network, enabling users to lend and borrow cryptocurrencies with variable interest rates. The AWETH market pool utilizes wrapped staked Ether to create a liquid staking option that pays a yield on staked Ether.

Wrapped Tokens

Aave's Wrapped Token Gateway V3 (WETH) is a contract that enhances liquidity by converting Ether into an easier-to-use format called Wrapped Ether. Users can deposit Ether (ETH) to mint corresponding Wrapped Ether tokens. This token is designed to facilitate the use of Ether as collateral for lending and borrowing activities within Aave.

Decentralized Data

The AWETH market information is readily accessible on platforms like Coinmarketcap, allowing for real-time updates on performance and the indicators used to measure it, such as total supply and borrow rates. This transparency helps participants make informed decisions regarding lending and borrowing on the network. Further, to ensure protocol manageability and security, Aave's DAO (Decentralized Autonomous Organization) governs the network's decision-making process.

Core Features

1. Liquidity Pool: Users supply ERC-20 tokens (Wrapped tokens like Wrapped Ether-WETH) into a global liquidity pool. This pool backs the borrowing operations across the network, providing a stable and consistent supply.
2. Borrowing Options: Users can borrow various ERC-20 tokens by offering collateral in the form of other ERC-20 tokens. The interest rates levied are variable.
3. Decentralized Governance: Aave's DAO oversees key decision-making processes, ensuring that UUpdate queries or changes are community-driven.

AWETH's market pool in AAVE V3 offers a unique structure combining the best of decentralized finance (DeFi) with the stability of Ethereum, efficiently managing liquidity for both lenders and borrowers within the Aave lending protocol.

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