Aave SNX v1 ASNX

Aave SNX v1 is unique compared to other cryptocurrencies because it is an aToken, which is a token minted and burnt upon supply and withdraw of assets to an Aave market. It represents the amount of crypto assets supplied and the yield earned on those assets. The value of aTokens is pegged to the value of the corresponding supplied asset at a 1:1 ratio. Additionally, aTokens can be safely stored, transferred, or traded. One of the unique features of Aave SNX v1 is that all the yield collected by the aTokens' reserves are distributed directly to aToken holders, continuously increasing their wallet balance. This provides a way for users to earn passive income on their crypto assets.