>aave now on the hook for 200M in bad debtI'm so done with crypto man. every day is a new embarrassment
buy chip stocks and get rich with us
> believed in an illiquid scam lending protocol> le heckin 20% yields bro!!!!
>>62129697Really? Fuck good i withdrew from the usdt umbrella high apy mode a few days ago, this is the pool that can be used to cover bad debt.
>>62129718Aave has more then enough to cover 200 million.
>>62129732what apy was it?
>>62130064Currently 8%https://app.aave.com/staking/Was higher last year
Black swan event
>>62130131Never believe any lending platforms that offer you more than short term treasuries.
Aave was like "why yes of course you can offer $500m worth of 'rsETH' from 'KelpDAO' as collateral everyone knows what that is and it's so good and secure"
Kek the future of finance lolDefi is a joke.
so at what point are we slurping? some whale already longed at $93
>>62129732I think only the weth in umbrella will take a hit.But not sure.
>>62130259they're learning that they should use Chainlink, and require all projects they list to use Chainlink.
