ApeETH: Yield-generating ETH derivative on ApeChain; automatic rebasing for passive income.
ApeETH earns yield on ApeChain by depositing bridged ETH/WETH into vaults like wstETH, rebasing user balances for automatic growth.
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What is ApeETH (APEETH)?
ApeETH is a yield-generating token on ApeChain. It's obtained by transferring Ethereum-based assets, such as ETH or WETH, to ApeChain. These assets are then used in yield-optimizing vaults, like wstETH on Ethereum. When you deposit ETH or WETH, you receive apeETH, which passively earns yield. Your apeETH balance increases over time via an automatic rebasing mechanism, meaning your holdings grow without any effort. This provides an efficient way to use your otherwise idle assets on Layer 2 or Layer 3 networks.
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ApeETH price live information
As of now, ApeETH is trading at 2 039.648368 USD, with a 24-hour trading volume of approximately 0 USD. The APEETH to USD price is updated in real time. Over the past 24 hours, ApeETH has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 834.22K USD. Currently, there are 409 APEETH in circulation out of a maximum supply of 409 APEETH.
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