Polygon Co-Founder Slams Aave Leadership as ‘Monopolistic’

Quick Summary:

The Aave community is debating whether to cease its operations on Polygon, following concerns about the risk profile of bridged assets.This stems from a Dec.13 proposal by Aave Chain founder Marc Zeller to revise risk parameters for Aave v2 and v3 on Polygon.

The proposed adjustments include setting loan-to-value (LTV) ratios to 0%, freezing certain reserves, and increasing reserve factors.

He described the Pre-PIP’s lack of an opt-in mechanism as problematic and confirmed the proposal’s likely rejection due to widespread community disapproval.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Market News Polygon AAVE Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 06:10:47 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24535007

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