Fluid aWETH Redemption
Emergency escape hatch for Aave ETH lenders, launched by Fluid in under 24 hours after Aave's ETH utilization hit 100%.
Redeemed (48h)
$136M
Processed in first 48 hours
Capacity
$1B
Single global cap
Utilization
13.6%
of announced capacity
Consortium
6 protocols
Coordinated launch
How it works
- Lenders deposit aWETH into Fluid's Lite ETH Vault in exchange for wstETH or weETH, then withdraw.
- The vault uses incoming aWETH to repay its own WETH debt at Aave, extinguishing a liability without WETH leaving the pool.
- Borrowers swap ETH collateral to wstETH/weETH; debt is unchanged, existing loops stay open with yield-bearing collateral.
Fluid is the single largest user of Aave's WETH market, carrying ~$1.5B in ETH debt against looped Lite Vault positions — which is why this bypass materially relieves Aave-side utilization pressure.
Consortium
FluidLidoEther.fi1inch0xKyber