Story thread · 2 reports / 2 sources

Ethereum’s 18% day exposed a hidden risk: half of Aave’s debt sits in 9% of positions

crypto.news · 2hShare

The biggest single day ETH move in two years did not trigger the liquidation cascade. But the concentrated staking correlation trade on Aave is one bad day from unwinding. The number that matters from Aug. 20 is not 18%. It…

First report: Half of Aave’s debt sits in just 9% of positions built around one Ethereum correlation trade — cryptoslate.com, 2d