aeUSD
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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 . aeUSD is an exchange-whitelisted collateral asset with a 100% collateral factor, allowing users, market-makers, and strategies to earn sDAI APY on their margin.
aeUSD yield is generated by depositing into Maker DAO’s (DSR) module, and receiving sDAI. See Maker's and for more.