Overview of Aave ZRX (AZRX)
Aave ZRX (AZRX) is a tokenized representation of ZRX deposits within the Aave Protocol. Each AZRX token maintains a 1:1 value ratio with the underlying ZRX assets stored in the protocol. These tokens function similarly to aTokens (like aDAI), enabling seamless storage, transfer, and trading while generating real-time interest for lenders.
Key Features:
- Interest-Bearing: AZRX tokens accrue interest directly in your wallet when the underlying ZRX is lent out.
- Interoperability: Freely tradable across supported platforms.
- Transparent Tracking: All transactions are verifiable on the Ethereum blockchain.
AZRX Market Data (Live Updates)
| Metric | Value |
|---|---|
| Current Price | Not Available* |
| 24h Trading Volume | Not Available* |
| Circulating Supply | 74,338 AZRX |
| Max Supply | Not Disclosed |
| Market Cap | Not Available* |
*Note: AZRX may not yet be listed on major exchanges. Check CoinCarp for real-time updates.
Aave ZRX Price History and Trends
- All-Time High (ATH): $0.6634 (August 29, 2020)
- Historical Low: $0 (Pre-launch)
- Recent 30-Day Range: $0 – $0.3646
👉 Track AZRX price movements with detailed historical charts.
How Aave ZRX Works
- Deposit ZRX: Users lock ZRX into the Aave Protocol.
- Receive AZRX: 1:1 minted tokens representing the deposit.
- Earn Interest: AZRX balances increase dynamically as interest accrues.
- Redeemable: Burn AZRX to withdraw the original ZRX + interest.
Frequently Asked Questions (FAQs)
1. Where can I buy Aave ZRX (AZRX)?
As of now, AZRX isn’t listed on major exchanges. OTC trades may carry high risks—always verify counterparties.
2. What’s the purpose of AZRX tokens?
They facilitate decentralized lending/borrowing of ZRX within Aave while automating interest distribution.
3. Can I stake AZRX for additional rewards?
Currently, AZRX itself doesn’t support staking, but deposited ZRX earns interest via Aave’s liquidity pools.
4. How is AZRX different from standard ZRX?
AZRX is interest-bearing and protocol-bound, whereas ZRX is the native utility token of the 0x ecosystem.
5. What’s the contract address for AZRX?
Ethereum: 0x6Fb0...f9F062f
6. Is AZRX mined or minted?
AZRX is minted exclusively when ZRX is deposited into Aave—no mining involved.
Why Monitor Aave ZRX?
- DeFi Integration: Part of Aave’s expanding ecosystem for tokenized assets.
- Liquidity Opportunities: Potential listing on exchanges could increase accessibility.
- Transparent Tracking: All AZRX transactions are recorded on-chain for auditability.
👉 Explore DeFi strategies to leverage tokens like AZRX effectively.
Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks—conduct independent research before trading.
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