Aave Ethereum Dai Stablecoin
1. Summary
- Description
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Aave Ethereum Dai Stablecoin
Aave Ethereum Dai Stablecoin
Overview: The Aave Ethereum Dai Stablecoin, part of the Aave Protocol V3, is a decentralized stablecoin enabled on the Ethereum Mainnet. This integration allows Aave users to mint the stablecoin against assets deposited into the protocol. The stablecoin offers a fixed interest rate of 1.5%, with AAVE stakers receiving a 30% discount on interest payments.
Key Features:
- Fixed Interest Rate: The Aave Ethereum Dai Stablecoin provides a fixed interest rate of 1.5%.
- Discount for AAVE Stakers: AAVE stakers receive a 30% discount on interest payments made for the stablecoin.
- Minting: Users can mint the stablecoin against all collateral assets supplied to the AAVE v3 protocol.
- Collateral Accessibility: Users can continue earning yield on their assets while accessing dollar-pegged liquidity.
- Initial Debt Ceiling: The initial debt ceiling for the stablecoin is $100 million.
- Governing Mechanism: The Aave DAO treasury receives all fees generated from GHO, and the DAO oversees its governance.
| Price | |
| All Time High (ATH) Date | 14th Dec 2024 (2 months ago) |
| All Time Low (ATL) Date | 14th Dec 2024 (2 months ago) |
| Supply & Trading Volume |
How does Aave Ethereum Dai Stablecoin's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
0.0%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
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No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://app.aave.com/reserve-overview/ |
|---|---|
| Explorer | https://etherscan.io/token/0x018008bfb33d285247A21... |
What is the correct contract address for Aave Ethereum Dai Stablecoin?
| Ethereum | 0x018008bfb33d285247a21d44e50697654f754e63 |
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Has Aave Ethereum Dai Stablecoin been audited for security?
No security audits found for this project.
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