Cyrille de Lange, Growth & BD at BloFin, succinctly breaks down the liquidity challenge for stablecoins on AAVE after the rsETH exploit led ETH depositors, unable to withdraw, to borrow stablecoins, creating further systematic stress.
Cyrille de Lange, Growth & BD at BloFin, succinctly breaks down the liquidity challenge for stablecoins on AAVE after the rsETH exploit led ETH depositors, unable to withdraw, to borrow stablecoins, creating further systematic stress.