Aave Freezes Lending Pools - Coinleaks
Current Date:September 21, 2024

Aave Freezes Lending Pools

With total locked assets of approximately three and a half billion dollars aave, end CRVfroze 17 lending pools after the attack.

As the crypto bear market continues to impact, the illiquidity of crypto projects and hacking The fight against attacks continues. In particular, the bankruptcy of FTX has brought to the surface liquidity problems in the crypto industry. Many projects have serious problems with their existence. As an effect of this, BlockFi and AAXdecided to cease its services. DeFi On the other hand, there is a negative atmosphere. Recently, Aave’s lending pools CRV was attacked. Approximately 1.6 millionAfter the dollar attack aavewent to the community vote.

Aave Increases Its Measures

Decentralizedlending platform aavein order to take precautions against market manipulations that may occur in the future. 17froze different pool.

The platform, which went to the temporary freeze, left the decision authority to its community. The decision came after the offer of a temporary freeze of low liquidity pools to protect them from manipulations.

The platform will not allow users to deposit these assets or take loans on the platform in the name of risk management. The proposal, which was put to a vote last week, was accepted on 27 November. Accordingly, on the platform, YFI, CRV, ZRX, MEANING, 1INCH, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL and MKR pools have been discontinued.

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