727 FinancePANews October 30 news: According to the Aave governance forum, risk service provider LlamaRisk has proposed lowering the borrow caps of a total of 27 reserves on Aave V3 and the draw caps of a total of 6 credit lines on Aave V4, with the new caps set at approximately 1.02 times the pre-attack borrowing amounts. Previously, due to the October 29 Binance hot wallet incident, Aave had frozen V3 and V4 reserves. The adjustment will remove approximately $3.7 billion of unused credit on V3 and approximately $130 million on V4. Taking V3 Core as an example, the WETH borrow cap will be reduced from 2.4 million to 1.79 million, while USDT and USDC will be reduced to 2.56 billion and 2.27 billion, respectively. LlamaRisk stated that the attacker still holds a large amount of ETH, stablecoins, and governance tokens, and may quickly establish large positions after the market unfreezes.
PANews October 30 news: According to the Aave governance forum, risk service provider LlamaRisk has proposed lowering the borrow caps of a total of 27 reserves on Aave V3 and the draw caps of a total of 6 credit lines on Aave V4, with the new caps set at approximately 1.02 times the pre-attack borrowing amounts. Previously, due to the October 29 Binance hot wallet incident, Aave had frozen V3 and V4 reserves. The adjustment will remove approximately $3.7 billion of unused capacity on V3 and approximately $130 million on V4. Taking V3 Core as an example, the WETH borrow cap will be reduced from 2.4 million to 1.79 million, while USDT and USDC will be reduced to 2.56 billion and 2.27 billion, respectively. LlamaRisk stated that the attacker still holds a large amount of ETH, stablecoins, and governance tokens, and may quickly establish large positions after the market is unfrozen. The above adjustments will be executed through the Risk Steward process before the phased unfreezing, and the GHO reserve is not within the scope of this adjustment.