What is Aave KNC v1?

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

Full description of Aave KNC v1

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

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

Aave KNC v1 for developers

Block explorer ^(?): https://etherscan.io/token/0x9D91BE44C06d373a8a226E1f3b146956083803eB
gitHub: https://github.com/aave/aave-protocol

Aave KNC 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
Twitter: https://twitter.com/aaveaave

 Source: NOMICS

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