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Fixed rate borrow / lend here to protect the loopers.
Term sourced 10k ETH to fix the borrow rate while rates yesterday continued to blow out.
Fix it with Term.
23.7. klo 21.06
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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