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CryptoNewsZ
2022-09-15 09:04:28

ETH Borrow Rate Spikes to 190% Ahead of the Anticipated Merge

ETH Borrow Rate Spikes to 190% Ahead of the Anticipated Merge

As crypto enthusiasts await the Ethereum proof-of-stake Merge, the crypto is creating immense ripples in the market. Aave, a lending protocol with 6.5 billion dollars in TVL, emptied its Ethereum reserves to borrowers. The protocol witnessed a whopping 190% jump in ETH borrow rates as investors swarmed the platform to borrow ETH. The investors are …

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