Two wallets associated with Bitfinex have borrowed 151 million USDT from Aave V3 after supplying 200,000 ETH, valued at $790 million. The borrowed funds were transferred to a Plasma Vault, indicating a strategic move to leverage Ethereum holdings for liquidity purposes. This transaction underscores the increasing integration of centralized and decentralized finance, as well as institutional-level activity in the DeFi space. The USDT is likely intended for yield generation, operational liquidity, or arbitrage opportunities.
Bitfinex-Linked Wallets Borrow $151M USDT via Aave V3
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