Compound Finance to impose lending caps in light of failed Aave exploit

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The crypto lending space is tightening its belt as the market continues to heal.

,""risk of high utilization," and"risk from shorting assets from a short position on Compound of significant size relative to the circulating supply of the asset." Although the related incident was not directly referenced, Gauntlet also conducted modeling and risk assessment for DeFi lending protocol Aave.

Gauntlet then proposed to freeze a series of tokens on Aave V2 that may be at risk of an exploit due to lack of liquidity. Currently, the Compound Finance protocol has $654.7 million in total borrowings collateralized by $2.146 billion worth of assets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BOJ to conduct annual survey on climate finance to nurture ESG marketBank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, seeking ways to nurture the country's growing climate finance market. Buy/Print/Repeat. More accurate headline: World Economic Forum continues plans for Great Reset, ensuring US citizens own nothing by 2030. The Greatest Depression scheduled to begin some time next year. 'Climate change' - another dirty lie.
Source: Reuters - 🏆 2. / 97 Read more »

Putin Calls for International Settlements Based on Blockchain and Digital Currencies – Finance Bitcoin NewsPresident Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. And it's called bitcoin Only bitcoin Any other shitcoin created by banks & countries will have the same fallout $kaspa Bitcoin 2.0
Source: BTCTN - 🏆 531. / 51 Read more »

Cleveland Hopkins officials begin talks with airlines to finance new $2 billion airport rebuildWhile major construction is still years away, officials at Cleveland Hopkins are working behind the scenes to prepare the airport for a major rebuild. $2 billion, that's what we send to Ukraine every hour, would be nice to keep the money in our country and fix infrastructure
Source: clevelanddotcom - 🏆 301. / 63 Read more »

China’s Finance Ministry: Will extend tariff exemptions on some US productsChina’s Finance Ministry said on Monday that they will extend tariff exemptions on some imported products from the United States until May 31 next yea
Source: FXStreetNews - 🏆 14. / 72 Read more »

Conscious spending: The finance approach that's both smart and fun | CNNBeing wise with your finances doesn't mean living with extreme restrictions. Conscious spending helps you be responsible and indulge in what you enjoy. These tips can help you get started. ‘Conscious’ feels like an entirely superfluous word here? Amass credit card debt this holiday shopping season. What could go wrong? Shaker_behrooz, a Kurdish political prisoner sentenced to death has been transferred from Urmia central prison to an unknown place this morning amidst crackdown in Kurdistan. His transfer is alarming and means that he might be executed soon. SayTheirNames MahsaAmini
Source: CNN - 🏆 4. / 95 Read more »