Aave protocol completes v3.3 upgrade, optimizing bad debt processing and liquidation mechanisms
the official news from Aave, the Aave v3.3 version upgrade developed by BGD Labs has officially launched. This upgrade mainly optimizes the bad debt handling and liquidation mechanism, paving the way for the upcoming Umbrella security system. The Umbrella system will replace the existing Safety Module, introducing automated mechanisms that allow users to stake aToken to earn rewards, while also being used to absorb protocol bad debts without the need for governance voting intervention. This system is only open to users without lending positions, aimed at enhancing protocol security, especially in times of market volatility to better protect user assets from bad debt impact.
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.
You may also like
Ethereum Faces Worst February Since 2018 Amid Market Pressure
Ethereum risks its worst February if it falls below $2400, with macroeconomic factors adding to the pressure. Can ETH recover?Historical Trends vs. Current Market ConditionsMacroeconomic Uncertainty Weighs on ETHWhat’s Next for Ethereum?
Fear Signals a Bullish Move: Are You Ready?
Bullish markets often start with fear, while bear markets begin in euphoria. Are we at the start of a new bullish leg up?The Role of Fear in Bullish Market TrendsEuphoria: The Silent Start of a Bear MarketWhere Are We Now?
Trader Bets Big on SOL: $2M Long With 3x Leverage
A trader deposited $2M USDC to Hyperliquid and opened a 3x leveraged long on SOL at $142.54. Will this risky move pay off?High-Stakes Bet: $2M Long on SOLCan SOL Hold Above the Liquidation Price?Market Implications
Crypto Market Loses $110B in 24 Hours—What’s Next?
Over $110 billion was wiped out from the crypto market in 24 hours. What caused the crash, and what should investors expect next?Crypto Market Sees $110 Billion WipeoutWhat’s Causing the Crypto Crash?Should You Panic or Prepare?
Trending news
MoreCrypto prices
More
