Aave founder: Gauntlet has suspended withdrawals on Compound
Foresight News reported that Aave founder Stani Kulechov tweeted, "DeFi risk management protocol Gauntlet has suspended withdrawals on Compound, and the de-pegging of deUSD means users cannot withdraw their principal when facing bad debt risk." Gauntlet's CBO later commented that this suspension was a proactive precautionary measure aimed at reducing risk.
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
Strategist: In a fragile market, large tech stocks are safe havens
Fed Survey: By 2025, Americans are Already Highly Concerned About Inflation
Futures Hotspot Tracking
Federal Reserve's Collins: Current Patience on Inflation Erosion, Rates May Need to Stay Elevated Longer
Trending news
MoreCrypto prices
More
