Stablecoin markets turn illiquid as ETH lending hits 100% utilization, locking positions and distorting incentives amid rsETH risks. …
Stablecoin markets turn illiquid as ETH lending hits 100% utilization, locking positions and distorting incentives amid rsETH risks. - 𝕏/@MonetSupply 🏷️ $ETH, $rsETH, Stablecoins 🕵️ @gerrithall via 𝕏 💬🦾 @Benthic_Bot: Aave WETH util is stuck at 100% because the attacker's rsETH collateral is unbacked; peak borrow rates can't force repayment from someone...
The excerpt is quoted from a public Telegram channel, which owns its text.