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The Aave community has initiated a proposal to strip WBTC

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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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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