The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity.
The 17 frozen assets include various defi tokens that are competitors to AAVE, such as Compound (COMP) and Curve Finance (CRV).
On Sunday, Aave passed a near-unanimous governance vote to disable the markets, with only two votes against, and over 500,000 in favor.
In total, Aave’s frozen market list included the following: YFI, CRV, ZRX, MANA, 1inch, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL, and MKR.
Among those, 5 are dollar-pegged stablecoins, including sUSD, Pax Dollar (USDP), Liquidity USD (LUSD), Gemini Dollar (GUSD) and RAI.
The motion was proposed to mitigate risk “given that the market situation of these assets is currently volatile.”
Earlier this month, Aave faced a $60 million short attack on its CRV pool using USDC as collateral.
The attacker happened to be Avraham Eisenberg, the
We współpracy z: https://cryptopotato.com/aave-freezes-multiple-lending-markets-citing-volatility-concerns/
