Aave Token Holders Vote on Governance Proposals to Address Liquidation Risk from Curved Founder's Borrowing Position

2023/08/10 17:41

Aave token holders are currently voting on two governance proposals aimed at reducing the systemic liquidation risk caused by Curved founder Michael Egorov's large borrowing position on the lending protocol. The proposals seek to disable the borrowing of CRV, the native governance token for stablecoin exchange Curve, on Ethereum and Polygon V3, as well as reduce the liquidation threshold of CRV.
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