What is Aave SUSD?

Symbol: ASUSD

Short answer

Aave SUSD (ASUSD) is a cryptocurrency.

Source: isthiscoinascam.com

Overview

Aave SUSD is an interest-bearing token generated upon deposit and redeemed through a burn mechanism. It is pegged 1:1 to the value of the underlying SUSD deposited within the Aave protocol.

The aSUSD token can be stored, transferred, and traded freely. As the underlying asset is lent to borrowers, aSUSD accrues interest in real time directly in the holder's wallet.

Scam-risk analysis

Aave SUSD has a moderate score — some risk signals were raised but no critical concerns. Is Aave SUSD a scam?

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