glassnode: Rising WETH Borrowing Rates on Aave Cause stETH Depegging
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to Foresight News, data from glassnode shows that the rising WETH lending rates on Aave have rendered the stETH leverage loop unprofitable, triggering liquidations in the ETH/stETH liquidity pool and causing stETH to depeg, which has intensified selling pressure on ETH. In addition, the continuous growth of the validator exit queue has further increased arbitrage resistance, slowing the recovery of the peg.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Analysts: Colombia's Consumer Price Index will reach 6.3% by the end of this year
老虎证券•2026/04/25 04:57
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$77,419.04
-0.19%
Ethereum
ETH
$2,312.64
-0.18%
Tether USDt
USDT
$1
-0.00%
XRP
XRP
$1.42
-0.77%
BNB
BNB
$629.11
-1.27%
USDC
USDC
$0.9997
-0.00%
Solana
SOL
$86.16
-0.25%
TRON
TRX
$0.3238
+0.15%
Dogecoin
DOGE
$0.09826
-0.15%
Hyperliquid
HYPE
$41.35
+0.54%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now