Aave DAO opens voting on proposals to scale back CRV publicity

The Aave group is in search of to scale back its protocol publicity to the Curve DAO token, with two proposals open for voting on Aug. 10. The transfer is available in an try to restrict the chance posed to the lending protocol by the big borrowing place held by Curve Finance founder Michael Egorov.

Curve DAO (CRV) is the native token of the decentralized finance (DeFi) protocol Curve Finance. Egorov deposited over 30% of CRV’s complete market capitalization as collateral to take out almost $60 million in loans on Aave v2. Nevertheless, Curve’s hack on July 30 impacted its token worth, making Egorov’s place susceptible to liquidation.

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