About Wrapped Aave USDC

A non-rebasing Aave receipt token: the ERC-4626 wrapped form of the aToken issued for a deposit of USD Coin (USDC) in the Aave lending protocol. An aToken balance grows as supply interest accrues; a waUSDC balance stays fixed and the redemption rate rises instead, so one share comes back as a growing amount of USDC. Protocols that cannot handle a rebasing balance need it in that shape, which is why this is what sits inside Balancer's Aave-boosted pools. Aave deploys one wrapper per market; this asset covers them all, on every chain. Aave v4's tokenised deposit — the same non-rebasing share, issued by a spoke over the v4 liquidity hub rather than by a wrapper around an aToken — is covered here too.