PANews reported on June 5 that according to monitoring by on-chain analyst Ember, the HTX address withdrew 570 million USDT from Aave in the past three hours, causing Aave's USDT borrowable liquidity to temporarily drop to US$91.95 million.

Affected by the decline in liquidity, the USDT interest rate on Aave has soared:

• Deposit rate increased from 3.8% to 29%

• Borrowing rate increased from 4.4% to 33.6%

High interest rates may attract arbitrage traders to deposit USDT or prompt borrowers to repay their loans. As the supply of USDT increases, interest rates will gradually fall back to normal levels.