About Wrapped Aave WAVAX

A non-rebasing Aave receipt token: the ERC-4626 wrapped form of the aToken issued for a deposit of Wrapped AVAX (WAVAX) in the Aave lending protocol. An aToken balance grows as supply interest accrues; a waWAVAX balance stays fixed and the redemption rate rises instead, so one share comes back as a growing amount of WAVAX. 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.