Aave back on track after temporary setback, readies for upcoming AIP
Spot activities have some effects on DeFi protocols. However, what is currently happening with AAVE is expected to have an impact. 1 November could prove to be an important date for the token in a lot of ways.
This week has been a rollercoaster ride for the DeFi protocol. On 29 October an AIP (AAVE Improvement Proposals) proposing to disable the borrowing function of xSUSHI and DPI tokens on AAVE V2 as a precautionary measure was launched.
This was done after AAVE community members raised concerns regarding the potential vulnerabilities involved in using xSUSHI as collateral. And even though there wouldn’t be any particular losses if xSUSHI was exploited, the API was still put up for voting.
On 30 October, the proposal was being voted upon and
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