Analysis: No Liquidation Risk for WETH and weETH on Aave
BlockBeats News, April 19, Defillama founder 0xngmi stated that there is currently no WETH position at risk of imminent liquidation. Although the weETH on Aave is very close to the liquidation price, the collateral for these loans is all ETH, so overall it is still safe unless the borrowing rate spikes significantly.
According to official Aave data, the current borrowing rate for weETH on Aave V3 mainnet is about 1.00%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Source Agriventures (SRAV.US) aims for Nasdaq: With only one 158-acre farm under its name, can it collect rent from AI data centers?
Source Agriventures submitted a filing to the SEC on Monday, seeking to raise up to 15 million USD through an IPO.
Insimbi swings to interim EPS of 4.52-5.06 cents from 2.69-cent loss per share
Sustainable product manufacturer Med-X (MXRX.US) files for direct listing on Nasdaq
Sustainable product manufacturer Med-X filed documents with the U.S. Securities and Exchange Commission (SEC) last Friday to register its shares and complete a direct listing on Nasdaq.
Crypto prices
More
