The Aave USDT deposit APY quickly dropped to 8.07%, and HTX still has 1.2 billion USDT in Aave

PANews
PANews
USDT-0.18%

PANews reported on June 5 that according to ai_9684xtpa update, the annualized interest rate (APY) of USDT deposits on the Aave platform dropped from 24.65% to 8.07% in just half an hour, showing a large amount of funds returning rapidly. However, HTX remains the largest contributor to Aave USDT deposits, with 1.2 billion USDT, or 32.6% of total deposits, despite the 400 million USDT deposits.

Previously, HTX withdrew 400 million USDT from Aave an hour ago, causing the borrowing APY to soar to 28.86%.

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