DeFi protocol Aave encounters major capital flight -Breaking
The annual percentage yields or APY on crypto borrowings and Aave lending have reached record highs after capital withdrawals put the Decentralized Finance protocol in a liquidity crunch. Variable APY for borrowing stablecoin Dai via Aave was at the time of this writing. BoostedIt is 24.88% lower than the average of 6.50% a day before.
AccordingAccording to Igor Igamberdiev (crypto researcher), Justin Sun, a blockchain personality was responsible for billions of dollars worth in withdrawals over the last few hours. Aave’s TVL or total value locked fell to $14.7billion from $17.89billion the day before. This is based on DataDeFi Pulse
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.