$AAVE - Two Ethereum V3 Umbrella backstops shed 12.4M USDT in value even as reward rates ticked higher.
The tracked stakes dropped 9.7% according to CryptoSlate data, while their implied annualized reward run rate held near 2M USDT.
Higher yields failed to offset capital outflows from the safety modules, suggesting depositors are rotating despite improved incentives.
$ETH
#Aave #DeFi
The tracked stakes dropped 9.7% according to CryptoSlate data, while their implied annualized reward run rate held near 2M USDT.
Higher yields failed to offset capital outflows from the safety modules, suggesting depositors are rotating despite improved incentives.
$ETH
#Aave #DeFi