Aave Suspends WETH Withdrawals, Leading to Discount Arbitrage; Whale Nets 143 ETH
On April 21, on-chain analyst Yu Jin (@EmberCN) reported that due to Aave suspending WETH withdrawals, the deposit receipt aEthWETH experienced a discount. Whale address 0x8ad withdrew 13,000 ETH (approximately $30,000,000) from the exchange, bought 13,143 aEthWETH through a swap, and then repaid its ETH loan on Aave at a 1:1 ratio, netting a profit of 143 ETH (approximately $330,000).
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
A bitcoin address dormant for 16.2 years has been activated, containing 50 BTC
Yen breaches the 160 level again! Japanese finance minister vows to "join forces" with the US Treasury to address unilateral volatility
After the yen fell below the critical 160 level, the Japanese finance minister stated that Japan would closely cooperate with the US Treasury Department to address unilateral volatility, reigniting speculation of joint intervention.
Crypto prices
More
