Key Highlights
A user tried to swap $50 million USDT for AAVE on the Aave interface but ended up receiving only 324 tokens due to massive slippage.
The platform has clearly warned about extreme slippage, but the user still confirmed the transaction on the mobile device
DeFi protocol will return $600,000 in fees collected from the swap as a goodwill gesture
In the strange incident that took place on the Aave protocol today, a DeFi user executed a massive swap on the Aave protocol, where the user converted approximately $50 million in USDT into only 324 AAVE tokens, which are worth around $36,000 at the current market price. This transaction was executed even after receiving a clear warning of extreme slippage.
Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface.
Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation vi
We współpracy z: https://www.cryptonewsz.com/aave-user-swaps-50-m-usdt-gets-only-324-aave/
