Wondering what’s the drama (or nothing burger) with stETH? @MarcinRedStone broke down every detail of it.
All is fine, but this is helpful to know.
What happens when Justin Sun withdraws 600M of $ETH from Aave?
• ETH Borrow & Lend rates spike ⬆️
• The backbone of DeFi, LST looping, is temporarily unprofitable
• The market stETH / ETH rate depegs ~0.3%
How DeFi's biggest moves can suddenly spook leverage loopers 👇


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