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The Aave community has initiated a proposal to strip WBTC
Bitget2024/09/20 02:55
Aave community member LlamaRisk has initiated a proposal to strip WBTC, with specific proposals including: ·Lowering the WBTC LTV on all V3 instances (Ethereum, Arbitrum, Avalanche, Harmony, Optimism and Polygon) to 0 to prevent additional borrowing against WBTC collateral without affecting existing users' positions. ·Reducing supply and borrowing caps to levels 5-10% higher than current utilization rates to limit additional risk of WBTC while allowing users flexibility in adjusting their positions.
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