AAVE DAO Approves “Rescue Plan” To Save Lost Tokens
The plan aims to enable developers to retrieve tokens from certain AAVE contracts and send them to owners who transferred them by mistake. The language of a proposal approved by the AAVE decentralized autonomous organization (DAO) on March 10 states that certain AAVE users who unintentionally sent tokens to the incorrect address may soon be […]
Aave Supporters Approve Of Lending Freeze
Members of the Ethereum community voted on Monday to freeze 17 assets in the Ethereum liquidity pool. This is to lower risk in the DeFi protocol before the network is upgraded to v3. Decentralized finance (DeFi) protocol Aave has stopped people from borrowing and lending assets from its Ethereum liquidity pool. This is in response […]
Aave closes lending markets to stop attacks
Protocol for decentralized liquidity Aave has temporarily shut down lending markets for 17 tokens in an effort to prevent volatility risks that might result in additional market manipulation attempts. Following a vote by Aave governance members to temporarily freeze assets deemed to be volatile and low liquidity, the lending markets were shut down. Yearn Finance […]
Mango Markets hacker feigns Curve short attack to exploit Aave
It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave. Tokens of decentralized exchange Curve Finance (CRV) appear to have experienced a significant short-seller attack, as stated by analysts at Lookonchain on Nov. 22. According to Lookonchain, Avraham Eisenberg’s Mango Markets exploiter ponzishorter.eth swapped 40 […]
Top 5 DeFi Loan Protocols in 2022
DeFi loan protocols provide crypto loans on a decentralized platform without intermediaries or going through KYC. Lending is one of the key components of DeFi, and DeFi loan protocols provide a far superior choice for passive income generation than the traditional financial sector. What is DeFi? The term “decentralized finance,” sometimes known as “DeFi,” refers […]