What is Aave DAI v1?

Aave DAI is an interest bearing token minted upon deposit and burned when redeemed.

Full description of Aave DAI v1

Aave DAI is an interest bearing Token ^(?) minted upon deposit and burned when redeemed. The aDAI is pegged 1:1 to the value of the underlying DAI that is deposited in Aave protocol. aDAI, can be freely stored, transferred, and traded. While the underlying asset is loaned out to borrowers, aDAI accrue interest in real time, directly in your wallet!

Exchange symbol ^(?): ADAI
Cryptocurrency type ^(?): Token ^(?)

Aave DAI v1 for developers

Block explorer ^(?): https://etherscan.io/token/0xfc1e690f61efd961294b3e1ce3313fbd8aa4f85d
gitHub: https://github.com/aave/aave-protocol

Aave DAI v1 social sites

Reddit: https://www.reddit.com/r/Aave_Official/
Medium: https://medium.com/aave
Telegram: https://t.me/@Aavesome
Discord: https://aave.com/discord
Facebook: https://www.facebook.com/AaveCom/
Twitter: https://twitter.com/aaveaave

 Source: NOMICS

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