Trend Research Moves $109 Million USDT From Binance to Aave
Trend Research now has $445M in WETH collateral on Aave V3 and owes $274M in USDT, with liquidation possible if Ethereum falls to $1,558.
ETH
USDT
AAVE
Summary
Trend Research holds 175,800 WETH worth $445 million on Aave V3, borrowing $274 million USDT at a health factor of 1.34. Liquidation would occur if Ethereum’s price drops to $1,558. On Jan. 30, $109 million USDT was moved from Binance to Aave to mitigate risk. The firm’s earlier ETH holdings faced a $192 million unrealized loss.
Terms & Concepts
- USDT (Tether): A stablecoin pegged to the value of the U.S. dollar, widely used for trading and transferring funds in the crypto market.
- Aave V3: The latest version of Aave’s decentralized lending platform, offering enhanced risk management tools and multi-chain support.
- Health Factor: A metric used in Aave to indicate how safe a user’s collateral position is, with values below 1 triggering liquidation.