Important Notice
Deposits and withdrawals are not currently available for this coin.
Aave ZRX (AZRX) is an interest-bearing token that represents the ZRX token deposited in the Aave protocol. It enables users to earn interest on their ZRX holdings by lending them out through Aave's decentralized lending platform.
Aave ZRX operates on the Ethereum blockchain, leveraging smart contracts to facilitate the lending and borrowing of ZRX tokens. When users deposit ZRX into the Aave protocol, they receive Aave ZRX (AZRX) in return. These tokens earn interest based on the borrowing activity within the Aave protocol.
Aave was founded in September 2018, evolved from a project known as ETHLend. Aave Protocol launched in January 2020, introducing a pool-based strategy for decentralized money markets. Significant upgrades like Aave v2 enhanced its features and security. Aave ZRX is part of this ecosystem, benefiting from these advancements.