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Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes

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The ongoing $CRV collateral crisis can be prevented by pausing all borrowing activity on AaveAave, risk management firm gauntlet_xyz argued in a proposal. By shauryamalwa.

Security firms are floating proposals to prevent future loans against $158 million worth of curve tokens on Aave, a lending and borrowing platform, amid an ongoing situation that has put the entire DeFi ecosystem under stress since Sunday.on Wednesday to the Aave community members, who have until August 5 to vote on the proposal.

The loan-to-value ratio is a measure comparing the amount of any collateral asset to the loan’s size. The higher the down payment; the lower the LTV ratio – and a zero LTV effectively means loans cannot be taken.

 

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