Aave v3 ENS

AENS Price

About Aave v3 ENS (aens)

Aave v3 ENS (aens) is a yield-bearing token representing ENS supplied to the Aave V3 liquidity pool on the Ethereum network.

• Holders earn real-time interest as a portion of the borrowing fees paid by users who take out loans against the pool.
• The token is pegged 1:1 to the underlying ENS asset and can be redeemed at any time through the Aave protocol.
• As an ERC-20 token, aens is highly composable, allowing it to be used as collateral or traded within the broader decentralized finance ecosystem.

What Is Aave v3 ENS

Aave v3 ENS (aens) is an "aToken" specifically minted when users deposit Ethereum Name Service (ENS) tokens into the Aave V3 protocol. Value moves through the system as borrowers pay interest on their loans, which is then distributed to suppliers holding aTokens. The token is "put to work" by automatically accruing yield, which is reflected in the increasing balance of the token in the holder's wallet. This mechanism scales with the Aave ecosystem as more assets are supplied and borrowed, increasing the total interest generated.

What Makes Aave v3 ENS Unique

• Yield Accrual: Unlike static tokens, aens balances increase every block to reflect earned interest.
• 1:1 Redemption: It maintains a constant 1:1 value ratio with the underlying ENS asset, ensuring predictable redemption.
• Protocol Safety: It benefits from Aave V3's security features, including the Safety Module and isolated market parameters.

What Can You Use Aave v3 ENS for?

• Liquidity Provision: Supplies liquidity to the ENS market on Aave to earn a variable interest rate.
• Collateralization: Can be used as collateral to borrow other assets within the Aave protocol, subject to specific risk parameters.
• DeFi Interoperability: Can be transferred, traded, or integrated into other decentralized applications as a productive version of ENS.

How Does Aave v3 ENS Work?

When a user supplies ENS to the Aave V3 market, the protocol's smart contracts mint an equivalent amount of aens to the user's address. The interest earned is calculated based on the utilization rate of the ENS pool and is distributed continuously. Users pay protocol service fees as part of the borrowing process, which supports the maintenance of the liquidity pool. When a user wishes to withdraw their ENS, the corresponding aens tokens are burnt, and the underlying asset plus accrued interest is returned.

Team Info and Investors

Aave v3 ENS is part of the Aave protocol, which is governed by the Aave DAO, a decentralized autonomous organization of AAVE token holders. The protocol's governance structure allows community members to vote on risk parameters and asset listings. Stani Kulechov founded the original platform, and the protocol has since transitioned to a community-led model.

Where can you buy Aave v3 ENS?

AENS tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Aave v3 ENS (AENS)?

The 24 hour trading volume of Aave v3 ENS (AENS) is $0 which signals a drop in market activity. If you own AENS tokens, liquidity of the token is likely to be low. Proceed with caution. You may explore CoinGecko’s list of most traded cryptos for coins with higher liquidity.

What is the highest and lowest price for Aave v3 ENS (AENS)?

Aave v3 ENS (AENS) reached an all-time high of $50.24 and an all-time low of $3.79. It’s now trading -85.80% below that peak and 87.70% above its lowest price.

What is the fully diluted valuation of Aave v3 ENS (AENS)?

The fully diluted valuation (FDV) of Aave v3 ENS (AENS) is $97,475.77. This is a statistical representation of the maximum market cap, assuming the maximum number of 14 Thousand AENS tokens are in circulation today. Depending on how the emission schedule of AENS tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Aave v3 ENS compare against its peers?

With a price increase of 16.00% in the last 7 days, Aave v3 ENS (AENS) is outperforming the global cryptocurrency market which is up 3.90%, while outperforming when compared to similar Crypto-Backed Tokens cryptocurrencies which are down -0.40%.

How to add Aave v3 ENS (AENS) to MetaMask?

Adding Aave v3 ENS (AENS) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import AENS as a token. You can copy AENS’s contract address (0x545bd6c032efdde65a377a6719def2796c8e0f2e) and import it manually, or if you've installed MetaMask's chrome extension, add AENS to MetaMask with one click on CoinGecko.

Add AENS to MetaMask.