Aave REP AREP
DescriptionAave REP is an interest bearing token minted upon deposit and burned when redeemed. The aREP is pegged 1:1 to the value of the underlying REP that is deposited in Aave protocol. aREP, can be freely stored, transferred, and traded. While the underlying asset is loaned out to borrowers, aREP accrue interest in real time, directly in your wallet!