BUSINESSTHE BLOCK
Aave proposes reserve deprecations affecting $98 million in supplied assets
Aave proposed deprecating 75 reserves and six deployments, affecting $98.1 million in supplied assets and $15.6 million in debt. The changes involve a total of $113.7 million in assets and liabilities on the platform.
Related Signal
Adjacent reporting
- Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit
- Aave restores ether borrowing limits after $230 million exploit
- Aave survived $8.45B in withdrawals, but risk questions remain
- Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
- A $300 million borrowing spike on Aave signals liquidity crunch after exploit
- Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic