Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

.AaveAave token holders began voting today on two governance proposals intended to address the liquidation risk recently experienced by Curve. By

in several OTC deals to pay off portions of his debt, the potential liquidation motivated Aave token-holders to start voting on whether to disable CRV borrowing and reduce the liquidation threshold for CRV.

Chaos Labs CEO Omer Goldberg indicated in the governance vote that the motivation behind one of the proposals “is to disable the ability to short CRV via the Aave protocol,” which would prevent crypto users from borrowing CRV to dump and further impact its price.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in LOANS

Loans Loans Latest News, Loans Loans Headlines