A concrete example
Rising token prices can increase TVL even without new deposits. Double counting may affect comparisons.
In context
Suppliers receive aTokens representing their supplied position and accrued interest under the protocol’s accounting. Borrowing creates a debt position that also changes with interest. AAVE, an aToken and the underlying asset are different objects with different roles.
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DeFi
Aave lending pools and aTokens
Aave is a liquidity protocol deployed on multiple networks.
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