What is Aave DAI?

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

Full description of Aave DAI

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 for developers

Block explorer ^(?): https://etherscan.io/token/0x028171bca77440897b824ca71d1c56cac55b68a3
gitHub: https://github.com/aave/aave-protocol

Aave DAI 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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