🩸wstETH Liquidity Crisis 1. Major ETH providers withdrew liquidity from AAVE 2. Farmers with wstETH/ETH looping positions are at loss and forced to sell at market, taking leveraged losses and driving down wstETH value 3. Arbitrageurs buy discounted wstETH and unwrap through Lido, pushing validator exit queue to $2.2B (11-day wait) Concentrated liquidity pools (V3-style) with their narrow ranges can trigger cascading liquidations due to insufficient liquidity depth. Without @CurveFinance's deep pools, the depeg could be far worse.