Wall Street Meets DeFi: BTCS Leverages $2.34M USDT on Aave to Scoop Up 2,731 ETH
Institutional money just took a crypto detour—no investment bankers required.
BTCS drops $2.34M USDT collateral on Aave, walks away with enough ETH to make a whale blink. Who needs regulated brokers when code executes faster than their lunch breaks?
The playbook’s simple: borrow stablecoins, swap for blue-chip alts. Rinse, repeat until traditional finance catches up—or collapses trying.
One question lingers: are they hedging or just front-running the next SEC memo? Either way, the yield farm just got a fresh coat of Wall Street paint.
Institutional DeFi Heat-up
The move by BTCS Inc. has fueled the institutional DeFi primitive as various publicly listed firms are leaping into the crypto landscape and actively exploring decentralized protocol. It also aligns with increasing institutional inflows in Bitcoin and ethereum ETFs.
Besides exploring DeFi protocol, a number of institutions are allocating their corporate treasuries for crypto purchases.
Also read: Analyst Predicts ‘Supply Crunch’ for Ethereum (ETH)