Block CRV Borrowing on Aave to Stop Further Contagion, Gauntlet Proposes

DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether

“Gauntlet has been looking into the risk profile of 0x7a16ff8270133f063aab6c9977183d9e72835428. This account borrows roughly $54m of USDT against $158m of CRV, as of 2023/08/01,” the proposal read. “We recommend setting CRV LTV to 0 to help impede additional borrowing against existing CRV collateral due to the recent decrease in CRV liquidity.”

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*