Aave Contagion Spreads, Ethena USDe Crashes; Justin Sun Intervenes
Aave is experiencing significant market stress due to exploding borrowing costs, leading to a spreading contagion. This has severely impacted Ethena's USDe, causing its market cap to crash as leveraged positions unwind and 'loopers' face negative returns. In response to the crisis, Justin Sun has intervened to provide assistance to the Aave DeFi protocol.
Detected & updated continuously · Source: Ruma
Aave (aave)
Ethena USDe (usde)
Ethena (ena)
@justinsuntronSources
@MoneyMaker_BTC
孙哥再次展现真正的加密精神！当 @worldlibertyfi 用权力冻结投资者钱包的时候， 孙哥却选择了完全相反的做法。他刚刚出手帮助 Aave —— 这个 DeFi 领域最重要、最具影响力的协议之一，用实际行动承担责任。这不是公关表演，而是真正对社区负责的表现。孙哥没有空谈 “DeFi for everyone”，
@duonine
🚨 The AAVE contagion is spreading. Ethena's USDe market cap is crashing as positions on AAVE unwind and loopers suffer negative ROI after borrowing costs exploded. The flywheel was deposit USDe, borrow USDT/C, deposit more USDe, repeat the cycle. This boosted Ethena's mcap https://t.co/mlkzwsdqgr