Introducing $AETHWETH: Aave’s Interest-Bearing WETH Token on Ethereum

Project Overview

Aave WETH (aWETH) is an interest-bearing token within the Aave Protocol on the Ethereum blockchain. When users supply Wrapped Ether (WETH) to Aave's liquidity pools, they receive aWETH tokens in return. These tokens represent the user's deposited assets and accrue interest over time, reflecting the yield generated from lending activities in the protocol .

The Aave Protocol operates exclusively with ERC-20 tokens. To facilitate the use of native ETH, Aave employs the WrappedTokenGateway, which wraps ETH into WETH, allowing users to supply, borrow, repay, and withdraw ETH within the protocol.

As of May 12, 2025, the price of aWETH is approximately $2,432.03 USD, with a 24-hour trading volume of $119.57 . The total supply of aWETH tokens is 32,778.30, and the token operates on the Ethereum network as an ERC-20 token.

Aave's decentralized and non-custodial nature ensures that users maintain control over their funds. The protocol's open-source smart contracts have been audited and are publicly accessible, promoting transparency and security