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The security agency Chaos Labs has initiated two Aave governance proposals to address the liquidation risk of the borrowing position of the Curve founder

2023-08-11 09:45:20
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ChainCatcher news, the blockchain security organization Chaos Labs has initiated two proposals on the Aave governance forum aimed at addressing the systemic liquidation risks posed by Curve founder Michael Egorov's large borrowing positions on Aave. One AIP proposal suggests disabling CRV lending on Ethereum and Polygon V3, while the other proposal recommends lowering the CRV liquidation threshold (LT) on Aave V2 Ethereum by 6%. Currently, both proposals have a support rate of 100%.

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