Aave MKR v1 logo

What is Aave MKR v1?

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

Full description of Aave MKR v1

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

Aave MKR v1 for developers

Aave MKR v1 social sites

 Source: NOMICS