Staked Aave wallet

What is Staked Aave (STKAAVE)?

stkAAVE is what a holder ends up with after putting AAVE into Aave's Safety Module, the protocol's own backstop. The AAVE behind it can be drawn on if the lending markets are left with a shortfall - that is the point of the module. It is capital pledged against an event, not a deposit parked in a box.

Getting out is deliberately slow. Withdrawal takes two steps: a cooldown is activated from the address holding the stkAAVE, it has to run its course, and the withdrawal then has to happen inside the window that opens afterwards. Miss that window and the cooldown starts over. The timer belongs to the address, so any transfer plan has to work around it rather than through it.

stkAAVE also carries voting and proposition power in Aave governance, which means the address holding it is the address that votes. Since that key is touched rarely and needs to still be under your control years later, it matters where it lives: Tangem generates it inside the card's secure element and it never leaves the chip, a second identical card kept somewhere else restores the same address, and a written seed phrase stays optional. The key that votes and the key that starts the cooldown are then one you can still reach.

One more distinction the tickers hide: AAVE, stkAAVE and the aTokens handed to lenders are three different things, and only stkAAVE stands for AAVE staked in the Safety Module.

Supported networks in Tangem (1): Ethereum.