Fluid launches aWETH redemption agreement to alleviate pressure on Aave usage

According to Fluid's official announcement, the DeFi protocol Fluid launched the aWETH redemption protocol on April 20th, with an initial capacity limit of $1 billion ETH. This protocol allows ETH borrowers to redeem as wstETH or weETH, restoring liquidity and reducing liquidation risk. If the user only lends ETH, it can be fully redeemed; If there is ETH collateral and other debt, the collateral will be converted into wstETH or weETH, while the debt remains unchanged. Fluid is partnering with partners such as Lido Finance and EtherFi to reduce DeFi systemic risks and support healthier markets.