Wu Blockchain (@WuBlockchain): Fluid's Redemption Protocol Helps Users Withdraw 166,772 aETH (~$400m) from Aave
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Fluid's Redemption Protocol Helps Users Withdraw 166,772 aETH (~$400m) from Aave According to Castle Labs, due to Aave's ETH utilization rate reaching 100%, Fluid launched an aWETH redemption protocol. In just two days, this protocol has already helped users redeem 166,772 aETH, worth ~$400m. Fluid's redemption protocol benefits significantly from its Lite Vault, which holds wstETH and weETH as collateral for ETH debt on Aave. These assets effectively offset users' ETH collateral positions. https://x.com/castle_labs/status/2046932981496135806?s=20