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Analysis: 620,000 ETH batch de-pled incidents may be related to the surge in borrowing interest rates due to the large withdrawal of ETH deposits on the Aave platform

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Analysis: 620,000 ETH batch de-pled incidents may be related to the surge in borrowing interest rates due to the large withdrawal of ETH deposits on the Aave platform

According to Foresight News, according to analysis by X blogger darkpool, the 620,000 ETH batch de-staking incident may be related to the surge in loan interest rates caused by the large withdrawal of ETH deposits on the Aave platform. In a short period of time, Aave ETH deposits were withdrawn largely, resulting in the loan interest rate soaring, and revolving loan players were forced to redeem stETH to deleverage, which led to the current situation. Aave ETH loan APR once soared to 10%; Lido stETH's current exit waiting period has been extended to 21 days (normal within one week). The on-chain stETH exchange for ETH still has a discount of nearly 4/1000.
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