Half of Aave’s debt sits in just 9% of positions built around one Ethereum correlation trade
Galaxy’s Aug. 7 snapshot of Aave V3 Core discovered 19,073 loans on the protocol after making use of normal filters. Fewer than 9% of these positions are utilizing Aave’s E-mode setting, account for roughly half of all excellent debt on the platform, and present an Ethereum correlation trade. Galaxy places their debt-weighted loan-to-value close to…
