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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.
Jul 23, 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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