Aave, which has total locked assets of approximately three and a half billion dollars, froze 17 lending pools following the recent CRV attack.
As the crypto bear market continues its impact, crypto projects continue to struggle with illiquidity and hacking attacks. In particular, the bankruptcy of FTX has brought to the surface liquidity problems in the crypto industry. Many projects have serious problems with their existence. As a result, BlockFi and AAX have decided to stop their services. There is also a negative atmosphere on the DeFi side. Recently, CRV from Aave’s lending pools was hacked. After the nearly $1.6 million hack, Aave went to the community vote.
Aave Increases Its Measures
Decentralized lending platform Aave froze 17 different pools to take action against future market manipulations.
The platform, which went to the temporary freeze, left the decision authority to its community. The decision came after the offer of a temporary freeze of low liquidity pools to protect them from manipulations.
The platform will not allow users to deposit these assets or take loans on the platform in the name of risk management. The proposal, which was put to a vote last week, was accepted on 27 November. Accordingly, YFI, CRV, ZRX, MANA, 1INCH, BAT, sUSD, ENJ, GUSD, AMPL, RAI, USDP, LUSD, xSUSHI, DPI, renFIL and MKR pools have been discontinued on the platform.
49754
