Will Aave’s resolve to halt Ethereum loans be a successful rescue mission

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Open-source liquidity protocol, Aave [AAVE] resolved to stop loaning Ethereum [ETH] ahead of the fast-approaching Merge. A vote was held between 30 August and 2 September for the same. A large number of the community supported the suspension. On 23 August, Block Analitica, a Defi research, and analysis company led the Aave community in proposing the […]

ahead of the fast-approaching Merge. A vote was held between 30 August and 2 September for the same. A large number of the community supported the suspension.proposingThe digital assets research organization had given supporting reasons. And, these reasons have the most concerning aftereffects of opening lending before and during the Merge.

Furthermore, the notion that not all DeFi protocols excluding Aave and Compound will get a slice of the ETH Proof-of-Work tokens had contributed to the FOMO the proposal noted. Block Analitica stated,

 

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