MakerDAO Cuts Off Its AAVE-DAI Direct Deposit Module

HomeCrypto News

MakerDAO Cuts Off Its AAVE-DAI Direct Deposit Module

In response to Aave’s proposal, however, Maker’s Risk Core Unit (RISK-001) initiated a proposal to temporarily disable the Aave DAI Direct Deposit Module, effective today, June 17. The Risk Core Unit described Aave’s governance proposal to increase the liquidation threshold for stETH to 90% as an “unacceptable risk to the Maker Protocol.” www.coindesk.com

In response to Aave’s proposal, however, Maker’s Risk Core Unit (RISK-001) initiated a proposal to temporarily disable the Aave DAI Direct Deposit Module, effective today, June 17. The Risk Core Unit described Aave’s governance proposal to increase the liquidation threshold for stETH to 90% as an “unacceptable risk to the Maker Protocol.”

www.coindesk.com