Aave ZRX

Aave ZRX


Key Metrics

Real Volume (24H)$0
Fully Diluted ValuationN/A
ATH Date4/13/2021, 9:01:20 PM
ATL Date12/20/2022, 2:00:08 AM
Circulating SupplyN/A
Total Supply52M
Popularity RankN/A
What is Aave ZRX?

aTokens are digital tokens that are created and destroyed upon the supply and withdrawal of assets to an Aave market. These tokens represent the amount of cryptocurrency assets that have been supplied and the yield that has been earned on those assets. The value of aTokens is pegged to the value of the corresponding supplied asset at a 1:1 ratio and can be securely stored, transferred or traded. Additionally, all the interest earned on the assets in the Aave Protocol is automatically distributed to aToken holders, increasing their wallet balance over time.

The Aave Protocol is a decentralized and non-custodial liquidity protocol that enables users to participate as either suppliers, borrowers or liquidators. Suppliers provide liquidity to a market and can earn interest on the cryptocurrency assets provided, while borrowers are able to borrow in an overcollateralized manner. Aave Protocol also allows borrowers to engage in one-block borrow transactions, also known as "flash loans", which do not require overcollateralization.

In version 3 of the Aave Protocol, the core concepts of the protocol such as aTokens, instant liquidity, stable rate borrowing, credit delegation, and more are augmented with new features. These features are focused on providing better capital efficiency for users, reducing the overall gas costs associated with using the protocol, and introducing new and exciting liquidity mining opportunities for users.

One of the most significant new features of Aave Protocol V3 is the introduction of a Dynamic Market Maker (DMM). This feature replaces the traditional order book model with a more efficient and capital-efficient automated market maker mechanism. This will make it easier for users to trade and swap tokens, and the DMM will also support a wide variety of assets, including NFTs.

Another key feature of Aave Protocol V3 is the introduction of a Collateral Onboarding Platform (CoP). This platform will allow new assets to be onboarded onto the protocol more quickly and efficiently, while also providing a seamless and secure experience for users. The CoP will enable users to stake their tokens as collateral, and a portion of the interest earned on those tokens will be used to pay for the cost of the collateral onboarding process.

Overall, Aave Protocol V3 represents a significant step forward for the Aave ecosystem, providing users with a range of new and exciting features, while also improving the overall efficiency and security of the protocol. Whether you're a liquidity provider, a borrower or a trader, Aave Protocol V3 is designed to meet all of your needs and provide you with a best-in-class decentralized finance experience.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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