🧑‍💻 According to Castle Labs, Aave's $ETH utilization rate has reached 100%, prompting Fluid to #launch an aWETH redemption protocol. In just two days, this #protocol has enabled users to redeem 166,772 aETH, valued at approximately $400 million. Fluid's redemption #protocol benefits from its Lite Vault, which holds wstETH and weETH as collateral for $ETH debt on Aave, effectively offsetting users' $ETH collateral positions. #crypto

AAVE4,56%
ETH3,88%
FLUID21,64%
WEETH3,18%
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