Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The Aave community has passed and executed the proposal "Setting CRV LTV to zero on Aave v2."
2023-08-07 06:08
Odaily News: The proposal "Setting CRV LTV to zero on Aave v2" initiated by Gauntlet in the Aave community has been approved and executed. The proposal states that Gauntlet has been studying the risk profile of wallet addresses starting with 0x7a16. As of August 1, 2023, this account has borrowed approximately $54 million USDT with $158 million CRV as collateral. Due to the recent decrease in CRV liquidity, it is recommended to set the CRV LTV to 0 on Aave V2 on Ethereum to prevent further borrowing against existing CRV collateral.