$ETH’s liquidity just got stress-tested after $5.4B rushed out of Aave 🔍
A fake rsETH borrowing exploit set off emergency withdrawals, and whales moved fast to cut exposure. The capital didn’t disappear; it rotated, with borrowing demand shifting to Spark and briefly pushing ETH deposit rates to 130% before settling near 18%. That’s the market showing its hand: trust in collateral is being repriced in real time.
Not financial advice. Manage your risk and protect your capital.
#Ethereum #DeFi #Aave #Spark #Crypto
Stay sharp ⚡
A fake rsETH borrowing exploit set off emergency withdrawals, and whales moved fast to cut exposure. The capital didn’t disappear; it rotated, with borrowing demand shifting to Spark and briefly pushing ETH deposit rates to 130% before settling near 18%. That’s the market showing its hand: trust in collateral is being repriced in real time.
Not financial advice. Manage your risk and protect your capital.
#Ethereum #DeFi #Aave #Spark #Crypto
Stay sharp ⚡