aDAI vaults
About Aave DAI
aDAI is the Aave protocol's interest-bearing token representing DAI supplied to Aave V2 lending pools. It accrues interest in real-time as borrowers pay interest on DAI loans. aDAI was one of the foundational yield-bearing tokens in DeFi.
Stablecoin price 1 aDAI = $1.00
aDAI is issued by Aave, a decentralised non-custodial liquidity protocol on Ethereum. When users deposit DAI into Aave V2, they receive aDAI tokens that automatically accrue interest in real time — the balance increases continuously as borrowers pay interest.
Mechanism
- 1:1 backed by DAI held in the Aave V2 lending pool
- Interest accrues directly in the aDAI balance (rebasing token)
- Can be redeemed for underlying DAI at any time
- Aave V3 uses a different token (aDAI is the V2 variant)
Status
Aave V2 remains live but V3 is the primary deployment. aDAI on V2 continues to be held by many users and represents significant TVL.
Sources
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vaults TVL $0 Avg. return --- Stablecoin-only Updated
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