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TechFlow, June 5 — According to on-chain analyst Yujin, HTX has withdrawn 570 million USDT from Aave within the past three hours, causing Aave's borrowable USDT liquidity to temporarily drop to $91.95 million.
Due to the reduced borrowable liquidity, both deposit and borrowing rates for USDT on Aave have surged:
Deposit rate rose from 3.8% to the current 29%;
Borrowing rate increased from 4.4% to the current 33.6%.
According to on-chain analyst Yujing, HTX has withdrawn 570 million USDT from Aave in the past three hours, causing Aave's borrowable USDT liquidity to temporarily drop to $91.95 million. Due to the reduced borrowable liquidity, deposit and borrowing rates for USDT on Aave have surged: the deposit rate has risen from 3.8% to the current 29%, and the borrowing rate has increased from 4.4% to the current 33.6%.
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