$33.68 million worth of Ethereum transferred in large amounts, whales arbitrage between Aave and Lido through cycle lending

OnChainDetective · 2026-01-19T01:20:08+00:00

A player on the chain profits through a series of operations, leveraging DeFi leverage features: withdrawing $33.68 million worth of Ethereum from Binance, converting it to stETH and depositing it into Aave to lend out $45 million USDT, then repurchasing stETH for cyclical lending, demonstrating their financial strength.

OnChainDetective

2026-01-19 01:20:08

Abstract generation in progress

【Crypto World】An interesting operation has been discovered. On-chain data shows that a newly created wallet withdrew a total of $33.68 million worth of Ethereum from Binance in one go. After the withdrawal, it first used Lido to stake this ETH into stETH. Then, it deposited the stETH into Aave and borrowed out $45 million USDT. With these USDT, the player bought back stETH and deposited it into Aave again for a cycle of lending and borrowing. This operation is actually leveraging DeFi’s leverage features to implement a strategy—using staking yields and lending interest rate differentials to profit. In terms of transaction scale, this operation involves a significant amount of funds, indicating that a well-capitalized participant is involved.

ETH-3,46%

AAVE-6,41%

STETH-3,46%

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MEVHunterX

· 6h ago

Damn, this strategy is pretty slick—it's all about betting on the spread between lending interest rates and staking yields. But the risk isn't small; a market fluctuation could lead to a liquidation directly.

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notSatoshi1971

· 14h ago

Wow, this combo punch is a bit aggressive. Leveraging on top of leverage is indeed a way to profit from the spread.

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HodlAndChill

· 14h ago

Damn, this leverage cycle is really impressive, but I wonder if I'll get liquidated later...

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TokenomicsTrapper

· 14h ago

lmao fresh wallet from binance pulling $33m just to run the classic defi leverage loop... actually if you read the aave contracts, liquidation risk here is textbook. they're watching netflix rn waiting for the cascade

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MoneyBurnerSociety

· 14h ago

Ah, here we go again with another leverage cycle master. I bet five bucks this guy will be liquidated within two weeks. --- A classic "I've discovered a perpetual motion machine" moment. Borrowing interest rate spreads eating up all the profits is basic operation. --- Daring to play with 33.68 million like that, I wonder if some institution is testing liquidation thresholds. --- Lido staking, Aave lending, cycle buying... Isn't this just the complete tutorial on leverage suicide? --- Wait, a new wallet directly throwing in 33.68 million? This move must be either a genius or someone here to give away money. I bet on the latter. --- I believe in interest rate arbitrage, but the question is, who will bear the risk of that big drop? This guy? --- Another DeFi roulette player, betting on no extreme market movements. --- I just want to know if this guy is still alive, after all, this timing... Ugh.

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PretendingToReadDocs

· 14h ago

Wow, this move is really slick. Leveraged arbitrage done so clearly and straightforwardly.

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GateUser-75ee51e7

· 14h ago

This whale operation is really impressive. Going so deep in one go and still daring to operate with a new wallet—quite bold.

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