Wrapped Aave Avalanche SAVAX wallet

What is Wrapped Aave Avalanche SAVAX (WAAVASAVAX)?

Three layers stack inside this one token. AVAX staked through Benqi becomes sAVAX, whose token count stays fixed while an exchange rate governs what it is worth in AVAX. sAVAX supplied to Aave on Avalanche becomes an interest-bearing aToken. This wrapper takes that aToken and holds its balance still as well, pushing the accounting into a redemption rate instead of a rising number.

So a holder is looking at a static figure that represents a staked position sitting inside a lending position. Unwinding runs back down the same ladder: out of the wrapper, out of Aave, and then, if you want AVAX itself rather than sAVAX, out of Benqi's staking process, which is not an instant on-chain swap. Each step is a separate transaction and each depends on the layer beneath it being available.

Everything happens on Avalanche's C-Chain, where transfers and approvals are paid in AVAX, so a working AVAX balance belongs in the same wallet. And as with any position token, sending it sends the position; there is no residual claim left at the old address.

Supported networks in Tangem (1): Avalanche.

A holding wrapped this deep is not something anyone trades week to week, so what matters is the key outlasting the position. Tangem generates it inside the card's chip and keeps it there, and a backup card from the same set restores the same address if the first one is lost or damaged, with a seed phrase left as an option rather than an obligation. Long-dated positions deserve storage on the same timescale.