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.
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