DeFi lending is booming as users leverage $WBTC and $WETH to borrow stablecoins. Lending rates now exceed 10%, peaking at 40%, levels not seen since the 2022 bull market.
Aave on Ethereum saw $500M in netflows this week as borrowers chase high yields.
Source: @intotheblock

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Author: Ryan S. Gladwin
Compiled by: TechFlow
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