The community as a whole agreed to implement Proposal 286.
Last week, $61 million worth of funds were stolen from Curve Finance pools.
The proposal to prohibit further CRV borrowing was supported by 100% of the Aave community. The community has been advised by risk management company Gauntlet to avoid the liquidation risk of Curve Finance founder Michael Egorov’s debt, which might cause a ripple effect and perhaps a DeFi meltdown, by prohibiting the borrowing of Curve DAO Tokens (CRVs).
The community as a whole agreed to implement Proposal 286. No one voted against the plan to prevent further borrowing against CRV. Gauntlet has been investigating Michael Egorov, founder of Curve Finance, and his risk profile.
There are around $54 million in USDT borrowed against $158 million in CRV in this account. But because of OTC sales of CRV tokens, Egorov is swiftly erasing his $80 million debt. According to DeBank records, a loan application for about $29 million USDT against $116 million of C
We współpracy z: https://thenewscrypto.com/defi-news-aave-community-unanimously-supports-crv-borrowing-prohibition/
