asdwrw11 (@67868) • Hey
dbfdwefsd
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夜宵吃啥
少年上人号怀素，草书天下称独步。
jacklove
只求“少丢分”，不说“得高分”!
hard working!
syt
do at now i can
hard working!!!!!
happy day!!2
hard working!
We want to address the cycle of liquidations that occurred in the CRV pool on the Aave Protocol today. The liquidations were successful (and worked as designed), but unfortunately, the size of the position left some excess debt within the protocol. A large CRV borrow that had been building up for the last week was mostly cleared by the protocol liquidation process. However, the position was not covered entirely and 2.64M CRV (≈ null.6M at current value) remains. This represents less than 0.1% of the borrows on the protocol. The Aave ecosystem was built with a number of mechanisms that the Aave community can deploy to cover events like this, including the Safety Module, the Ecosystem Reserve & the DAO Treasury. In the coming days, we believe the Aave community and its contributors will initiate a discussion in response to this incident. Community contributor @monetsupply.lens additionally opened a discussion on the governance forum on reviewing long-term asset risk on Aave V2 market Most importantly, today’s events are in contrast to those we have seen with centralized entities in the space – the transactions were entirely traceable and auditable on-chain, providing transparency for users and the community. https://governance.aave.com/t/discussion-reducing-long-tail-asset-risk/10748?u=monet-supply