A certain CEX has retrieved 570 million USDT from Aave in the past 3 hours
According to on-chain analyst Ember's monitoring, a certain CEX has retrieved 570 million USDT from Aave in the past 3 hours, causing Aave's USDT available borrowing liquidity to temporarily drop to 91.95 million USD.
Due to the decline in available borrowing liquidity, the deposit and borrowing rates for USDT on Aave have surged:
- The deposit rate has increased from 3.8% to the current 29%;
- The borrowing rate has risen from 4.4% to the current 33.6%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Must Read 24-hour Newsflash Featured Topics Events Opinions Articles Hot List
ETHZilla plans to redeem $516 million of 2028 convertible bonds early to optimize its capital structure
Metaverse game ChronoForge announces it will cease operations on December 30
Data: A certain whale withdrew 101,365 SOL worth $13.89 million from a certain exchange 10 hours ago
