For risk aversion purposes, over $5.4 billion in assets was urgently withdrawn from Aave after hackers borrowed a large amount of ETH using illegally minted rsETH collateralized through Aave.
This included Sun Ge also retrieving his 65,584 ETH ($154 million) on Aave.
The on-chain lending demand that still exists has surged into protocols like Spark: demand pushed the ETH deposit rate on Spark to a peak of 130%. As of now, it is still at 18%.
This included Sun Ge also retrieving his 65,584 ETH ($154 million) on Aave.
The on-chain lending demand that still exists has surged into protocols like Spark: demand pushed the ETH deposit rate on Spark to a peak of 130%. As of now, it is still at 18%.