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aeUSD

Users can convert their USDC to aeUSD on Aevo, fee-free.
aeUSD is an ERC-4626 asset built on Aevo L2 which is a composition of USDC and sDAI. aeUSD is an exchange-whitelisted collateral asset with a 100% collateral factor, allowing users, market-makers, and strategies to earn 4.75% APY on their exchange margin.
aeUSD yield is generated by depositing into Maker DAO’s Dai Savings Rate (DSR) module, and receiving sDAI. See Maker's dashboard and gov proposal for more.