Two Aave stablecoin backstops shrank $12.4 million as reward rates rose

Your call?🐂 Bullish🐻 Bearish

$12.4M

backstop decline

$AAVE

$149.27

-1.4%

$USDC

$72.48B mcap

$ETH

$2,362

-1.8%

Two tracked Ethereum V3 Umbrella stakes fell 9.7%, while their implied annualized reward run rate stayed near $2 million. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst…