The decentralized finance (DeFi) protocol Aave has temporarily paused several markets due to an issue with a certain feature. The pause affects various networks, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche, Polygon, Arbitrum, and Optimism. Aave has taken this precautionary measure after receiving reports of the issue but assures users that no funds are at risk.
The specific problem or feature causing the issue has not been disclosed, nor have the affected assets been specified. Aave’s announcement emphasizes that the normal operation of its protocols will soon be restored through a governance proposal, and a detailed postmortem will be released once the issue is fully resolved. During this pause, users can still withdraw and repay positions involving frozen assets, but they are unable to supply or borrow further assets until the issue is resolved. Despite the temporary pause, there is currently no indication that the price of Aave’s native token, AAVE, has been affected.
#Aave #DeFi #crypto #Ethereum #Avalanche #Polygon #Arbitrum #Optimism
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