In today’s briefing:
- Q2 Crypto Liquidity Update
Q2 Crypto Liquidity Update
- While CeFi liquidity has been on a gradual decline this year, which will be the main focus of this article, DeFi is facing a liquidity crisis of sorts in the last few days as one of the most liquid pools in the space becomes heavily imbalanced, so we’ll start there.
- After the latest round of fears surrounding Tether, the 3pool moved to a weight of 75% Tether in the last day, as users rushed out of crypto’s largest stablecoin at once.
- This resulted in Tether depegging to a price of $0.996. This is the most imbalanced the Curve pool has been this year.
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