According to online reports, according to analysis by chain analyst Ai Aunt, the batch release of 620,000 ETH items may be related to the surge in borrowing rates caused by the large withdrawal of ETH deposits on the Aave platform. In a short period of time, Aave ETH deposits were withdrawn in large quantities, causing the borrowing interest rate to soar. Revolving loan players went from enjoying the spread to losing money and were forced to redeem stETH to deleveraging, resulting in the current situation. The APR of Aave ETH loans once soared to 10%. Lido stETH's current exit waiting period has been extended to 21 days (normally within a week). There is still a discount of nearly 4% to ETH on the chain. Regarding the implementation method of revolving loans, Aave's mortgage rate for ETH is 93%, which means that arbitrage players can even use leverage up to 14 times to obtain interest spreads. Under normal circumstances, the annualized return on principal can reach ~7%.