Aave plans to remove the collateral eligibility for several volatile tokens such as CRV and UNI.

PANews, November 13 - According to DeFi researcher Ignas, Aave is currently voting to set the LTV of tokens such as $CRV, $UNI, $ZK, $BAL, $LDO, 1INCH, $METIS, $CAKE to 0 and remove lending due to a rise of 15%-50% in the single update of the oracle machine during the big dump on 10/10 (Beijing time 10/11 early morning) and some price feed latency causing bad debt risk. Ignas pointed out that Chainlink prices and DEX prices had a price difference of about 58%, leading to approximately $200K funds being arbitraged; the total collateral income of these assets over the past three months is about $14K, and borrowing income is low (e.g., CRV annualized ~$80K). He, as a delegator, has voted in support.

AAVE-3.44%
CRV-6.28%
UNI-7.31%
ZK-11.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Related Topics
#
UNI
#
ZK
#
CAKE
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)