Today is merge day, and right now Aave is yielding 71% APY to ETH lenders. Is this simply a reflection of how many people are trying to borrow ETH (to capture ETHPoW after the merge), or is this more of an indication of the risk of having ETH in Aave through the merge?
I’m skeptical of the value/viability of ETHPoW so I’m happy to capture a huge APY (even if only for a day, I’m sure it will drop significantly tomorrow) and miss out on some ETHPoW. That said, is there any real risk of losing the ETH that I supplied to Aave through the merge? Should I consider closing my position and flipping that ‘collateral’ toggle to reduce risk?
What are people here doing with their positions in Aave (or other lending platforms for that matter)?