DeFi whales have pulled a whopping $1.7 billion worth of Ethereum from Aave

DeFi whales have pulled a whopping $1.7 billion worth of Ethereum from lending protocol Aave over the past week. As a result, available liquidity has shrunk and temporarily sent the interest rate the protocol charges borrowers to more than 10%. As per DefiLlama data, Aave is the biggest lending protocol on Ethereum, with over $55 […]

Source: cryptopolitan.com (Read Full Article)