source avatarDeFi Dad ⟠ defidad.eth

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It feels pretty cooked right now but I think once @aave ETH deposits/borrows are unfrozen, pending their plans to announce what's next for rsETH, the ETH market rates will normalize faster than most realize. Some large ETH depositors withdrew from Aave out caution but remember, there's only an ability to withdraw ETH from Aave right now. You might be wondering "why would anyone want deposit ETH without more information?" but that's what makes a market. Different investors have differing viewpoints. Some investors would love to step in here. It's just that right now, those who would want to supply/lend WETH on Aave, they cannot. For example, someone wants to buy your aEthWETH on Aave. https://t.co/MkcS2OMpdL

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