Fluid's aWETH redemption protocol clears 166,772 aETH ($400M) from Aave in two days
wublockchain.xyz •
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Promote with Leviathan NewsFluid's aWETH redemption protocol cleared 166,772 aETH (~$400M) from Aave in its first two days, per Castle Labs. The mechanism offsets trapped ETH collateral against Fluid's Lite Vault holdings of wstETH and weETH, unwinding positions without touching Aave's maxed-out liquidity. Aave's ETH utilization has been pinned at 100% since the April 18 Kelp DAO rsETH bridge exploit froze lender withdrawals. Fluid built the escape hatch in under 24 hours alongside Lido, EtherFi, and 1inch.
TLDR by @Benthic
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