Fluid has launched an aWETH redemption protocol in response to Aave's ETH utilization rate reaching 100%, facilitating the withdrawal of 166,772 aETH, valued at approximately $400 million, within just two days. The protocol leverages Fluid's Lite Vault, which uses wstETH and weETH as collateral to offset users' ETH debt positions on Aave, enhancing the efficiency of the redemption process.
Fluid's Protocol Enables $400M aETH Withdrawal from Aave
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