Aave Puts the Brakes on the Action
On November 4, Aave decided to hit the pause button on several of its markets after a report surfaced regarding a glitch in one of its features. It’s like the Netflix binge you planned for the weekend gets interrupted by a surprise plot twist, but in this case, it’s the world of decentralized finance (DeFi) that’s slowed down.
Which Markets Have Been Affected?
So, which areas of Aave’s sprawling DeFi empire are experiencing this unexpected hold-up? The infamous pause is impacting several networks: the Aave v2 Ethereum Market, certain assets on Aave v2 Avalanche, and even some operations on Polygon, Arbitrum, and Optimism. Talk about a chain reaction!
No Funds at Risk—but Some Funds on Hold
Aave took to social media to reassure its users, stating, “No funds are at risk on any of our markets.” However, while users can still withdraw and repay their positions, the ability to supply or borrow additional assets is frozen for now. It’s like getting pickpocketed during a meal – you still have your wallet, but you can’t buy dessert.
The Bright Side: Aave v3 is A-OK!
