[USDT Borrowing APY on Aave Platform Soars to 14.99%] BlockBeats reports that on April 19, according to data from the Aave platform, the borrowing APY for USDT has surged to 14.99%, while the deposit APY has risen to 13.39%. A hacker from KelpDAO used illegally minted rsETH as collateral on Aave to borrow a large amount of ETH, possibly for hedging purposes. Over $5.4 billion in assets were urgently withdrawn from Aave. The massive outflow of funds may have caused the sharp increase in USDT deposit and borrowing APY on the Aave platform.