by COINS NEWS - 1 year ago
Brace for volatility: Aave has paused ETH borrowing, this is causing Instadapp to blow up. Yield have crashed to almost -28%! And stETH pool is also massively imbalanced, with 97k stETH liquidation at $1311
One of the largest defi money markets Aave just paused ETH borrows to prepare for the Merge. This has caused the Instadapp stETH leverage pools to get crushed badly. There is almost $100m worth leveraged ETH in these pools. Not a good look! Why...
