Trump Family Project Shifts $52 Million to Aave V3: DeFi Explained

A decentralized finance (DeFi) project linked to the Trump family has made a substantial move, transferring nearly $52 million in crypto assets to the Aave V3 protocol. This action underscores the growing use of DeFi lending for both large entities and individual investors alike. 7,900 ETH, worth approximately $21 million at time of transfer, was deposited to Aave V3 along with $17.91 million in WBTC (Wrapped Bitcoin) and $13.31 million in stETH (staked ETH). These assets serve as collateral for a $7.5 million USDT loan taken out from the Aave platform.