A certain whale/institution has accumulated a deposit of 29,692 stETH into Aave and borrowed 2,787 ETH to deposit into CEX

Golden Finance reports, according to on-chain analyst @ai_9684xtpa's monitoring, the whale/institution 0x3c9...8f757 has deposited a total of 29,692 stETH (worth $104 million) into Aave and borrowed 2,787 ETH to deposit into Binance for hedging. The current APR for Lido staking is 3.3%, meaning that this whale could earn a staking reward of $3.44 million after one year. In addition, this whale/institution also holds WBTC worth $36.61 million and LINK worth $8.8 million.