punkquidity (@punkquidity) “Ethena's Aave bill went from $47K to $63K a day on the same loan the loan didn't”

4hours ago

Ethena's Aave bill went from $47K to $63K a day on the same loan the loan didn't grow since nov 9 other borrowers took more $USDC, and @aave's main $USDC pool is now over 94% lent out past that line Aave raises the rate fast to keep some cash in the pool for withdrawals without Ethena's loan the rate would drop to 4%, so every other borrower now pays about $130K a day more most of that money goes to $USDC lenders, and 45% of what they earn there today depends on @ethena's loan staying in the pool

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