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).

AAVE-0.8%
ETH2.64%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin