ether.fi: There are currently 124,000 ETH available for withdrawal and 46,000 ETH available in the secondary market
ether.fi wrote that during the recent market turmoil, the team, in coordination with Chaos Labs and other major protocol partners, worked to monitor the weETH/eETH market status and had designed multiple native systems and processes for the protocol to prepare for such events:
1. The primary market continues to operate normally, limiting the extent to which its prices continue to decline, ether.fi the withdrawal function helps prices continue to return to the fair exchange rate;
2. The highest number of withdrawal requests occurred today. The agreement continues to operate as usual, providing an adequate liquidity reserve for these withdrawals;
3. There are 73,000 ETH in the main liquidity reserve, 27,000 ETH in the withdrawn validators (available in the coming days), and 59,000 ETH in the development contract if it needs to be converted immediately. In total, there are currently 124,000 ETH available for withdrawal, and 46,000 ETH (DEX liquidity) available in the secondary market;
4. Regarding key protocol integration, several protocols already use exchange rate feeds in oracle design. This means that price swings like those of the past few days will not lead to massive position squaring and further forced selling;
5. The capital inflow on that day exceeded 12,000 ETH, and the weETH utilization rate in the DeFi protocol remained above 73%.