The address of HTX has retrieved 570 million USDT from Aave in the last three hours, so the borrowable liquidity of USDT on Aave has temporarily dropped to $91.95 million.

Address link🔗👉：https://t.co/Bgq2zeOfeq

As a result of the decrease in borrowable liquidity, the deposit and borrowing rates for USDT on Aave have skyrocketed:

The deposit rate has increased from 3.8% to the current 29%;

The borrowing rate has increased from 4.4% to the current 33.6%.

High rates will attract arbitrageurs to deposit money into Aave or prompt borrowers to repay, and the rates will decrease as the deposited/supplied USDT increases until the rates are balanced.

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