Aave Umbrella Stake Values Fall $12.4 Million as Displayed Extra Reward Rates Rise

The combined dollar value of two Ethereum positions in Aave V3 Umbrella fell $12.43 million over about a month as their displayed extra reward rates rose, but the snapshots do not identify why the values declined. Together, the stakes were valued at $128,523,554 on Sept. 17 at 7:01 p.m. ET (23:01 UTC) and $116,093,687 on Oct. 17 at 11:01 a.m. ET (15:01 UTC), a 9.67% decrease across 29 days and 16 hours. The position backing USD Coin (USDC) dropped $5,301,624, from $58,739,617 to $53,437,993. Its displayed extra reward rate rose from 1.66% to 1.82%, while the base rate increased from about 3.60% to 3.77%. The USDT position fell $7,128,243, from $69,783,937 to $62,655,694.

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