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BTC Dominance:
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Market Cap:
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Fear & Greed:
65 / 100
Bitcoin:
$ 63.898
BTC Dominance:
% 54.2
Market Cap:
$2.29 T

AAVE Suspends Several Markets For This Reason!

AAVE

The DeFi protocol AAVE, on November 4, took several decisions and made a decision to suspend the market due to a issue affecting a specific feature.

This suspension affected specific assets in Aave V2 Ethereum Market and Aave V2 on Avalanche, and also reflected on some assets in Polygon, Arbitrum, and Optimism.

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Today, we received a problem report regarding a specific feature of the Aave Protocol” was the statement made.

The protocol explained that it took a temporary protective measure after getting the developers’ approval and emphasized that no funds were at risk during this process. However, they did not reveal the source of this issue.

Aave V3 markets did not create any impact on the normal operation of the protocol on Ethereum, Base, and Metis.

The protocol plans to present a proposal in the near future to solve the issue and will provide a detailed report after it completely resolves the problem.

There is no indication that the event leading to their decision to suspend the market has had any negative impact on the price of AAVE.


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