Bhutan's Sovereign Wealth Fund Druk Holdings has initiated an ETH leveraged long position on the Aave protocol. According to on-chain data, the current leveraged position size of the fund is approximately 117,000 ETH, with a market value of about $459 million based on the latest prices. The construction of this large position reflects institutional investors' optimistic outlook on Ethereum's medium-term trend and also serves as a snapshot of activity in the DeFi lending market.
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AirdropAutomaton
· 7h ago
Bhutan is really confident about this move. They are directly leveraging 117,000 ETH on Aave. No one has this kind of guts.
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LuckyHashValue
· 7h ago
How does Bhutan Fund play this way? 117k ETH leverage, really bold.
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ForkThisDAO
· 7h ago
Wow, 117,000 ETH leverage? Bhutan is also starting to get creative.
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GasFeeNightmare
· 7h ago
Bhutan Fund is playing with leverage, their guts are really big. How much ETH can they scoop up at the bottom with 117k ETH?
Bhutan's Sovereign Wealth Fund Druk Holdings has initiated an ETH leveraged long position on the Aave protocol. According to on-chain data, the current leveraged position size of the fund is approximately 117,000 ETH, with a market value of about $459 million based on the latest prices. The construction of this large position reflects institutional investors' optimistic outlook on Ethereum's medium-term trend and also serves as a snapshot of activity in the DeFi lending market.