USDC borrow on Aave cooling to ~6% lines up with liquidity finally coming back in.

Mantle’s 30K ETH and Aave’s follow-up added breathing room, pushing utilisation off the extremes and triggering around $100M in USDC repayments, mostly from USDe loops unwinding.

The interesting part is what did not move. WETH borrowers are still pinned with utilisation at 100%, so the unwind is uneven across markets.
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