Analysis: No Liquidation Risk for WETH and weETH on Aave

BlockBeats News, April 19, Defillama founder 0xngmi stated that there is currently no WETH position at risk of imminent liquidation. Although the weETH on Aave is very close to the liquidation price, the collateral for these loans is all ETH, so overall it is still safe unless the borrowing rate surges significantly.

According to official Aave data, the current borrowing rate for weETH on Aave V3 on the Ethereum mainnet is about 1.00%.