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HomeNewsBlock CRV Borrowing on Aave to Cease Additional Contagion, Gauntlet Proposes

Block CRV Borrowing on Aave to Cease Additional Contagion, Gauntlet Proposes

“Gauntlet has been wanting into the chance profile of 0x7a16ff8270133f063aab6c9977183d9e72835428. This account borrows roughly $54m of USDT towards $158m of CRV, as of 2023/08/01,” the proposal learn. “We suggest setting CRV LTV to 0 to assist impede further borrowing towards present CRV collateral as a result of latest lower in CRV liquidity.”

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