A certain whale/institution lost $720k to recover 17.4k ETH on Aave.

Golden Finance reports that on April 21, according to on-chain analyst Yu Jin’s monitoring, a whale/institution withdrew 17,400 ETH from Aave by converting the deposit receipt (aEthWETH) into ETH directly via Swap, incurring a loss of 310 ETH (72 million USD). In other words, it was priced at a 1.8% discount, and then these swapped ETH were transferred to Spark.
Note: Because Aave is still suspending WETH withdrawals, if ETH wants to exit Aave, it currently has to be exchanged for other assets—for example, swapping for wstETH (—or converting the deposit receipt )aEthWETH( via Swap into ETH, but there will be a slight discount.

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GateUser-df2e8be3
· 5h ago
Steadfast HODL💎
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