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What is Aave SNX?

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

Full description of Aave SNX

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

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 Source: NOMICS