Aave founder: Gauntlet has suspended Compound withdrawals.

PANews reported on November 7th that Aave founder and CEO Stani.eth (@StaniKulechov) stated that the risk control team, Gauntlet, has suspended Compound withdrawals. Due to the deUSD de-pegging issue, users are unable to withdraw funds when there is a risk of bad debt, resulting in a "locked-up" status. He stated that this suspension is a proactive risk mitigation measure, and that "this asset should not be included in the main market."

Data shows that the deUSD stablecoin began to de-peg severely last night, and has now decoupled to $0.1, with its total market value dropping from tens of millions to millions of dollars.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
1 hour ago
1 hour ago
2 hour ago
3 hour ago
4 hour ago
4 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读