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Currency

Aave: CRV borrow was mostly cleared

2022/11/23 01:32

Aave tweeted: "We want to address the cycle of liquidations that occurred in the CRV pool on the Aave Protocol today. The liquidations were successful (and worked as designed), but unfortunately, the size of the position left some excess debt within the protocol. A large CRV borrow that had been building up for the last week was mostly cleared by the protocol liquidation process. However, the position was not covered entirely & 2.64M CRV (≈ $1.6M at current value) remains. This represents < 0.1% of the borrows on the protocol. "

bullishbullishbullish2bearishbearishbearishBearishLikeShare
Picture of the authorCRV -2.73%Picture of the authorAAVE -0.71%
Disclaimer:The content above does not represent HTX's positions.,HTX does not provide any trading recommendations.。

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