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Aave USDT deposit APY quickly fell to 8.07%, HTX still has 1.2 billion USDT in Aave

PANews
PANews|Jun 05, 2025 09:00
According to the update from ai_9684xtpa, the annualized interest rate (APY) for USDT deposits on the Aave platform has dropped from 24.65% to 8.07% in just half an hour, indicating a rapid flow of funds. However, HTX remains the largest contributor to Aave USDT deposits, with 1.2 billion USDT remaining, accounting for 32.6% of the total deposit volume, despite the assumption of 400 million USDT. Previously, HTX withdrew 400 million USDT from Aave an hour ago, causing the borrowing APY to skyrocket to 28.86%.
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