TechFlow news, according to the official governance website, MakerDAO community's proposal to temporarily disable the Aave DAI Direct Deposit Module (D3M) has passed voting and will be executed at 05:03 Beijing time on June 18.
According to the proposal, the reason for temporarily disabling the Aave DAI Direct Deposit Module is that among the 200 million DAI borrowed on Aave v2, 100 million DAI were lent to Celsius, primarily collateralized by stETH, thus posing risks. The Risk Core Unit believes that if the current proposal under Aave governance voting passes, it would pose an unacceptable risk to the Maker protocol. The explicit purpose of this executive proposal is to disable the Aave D3M until the Risk Core Unit or Maker community is confident the risk no longer exists. After the executive proposal passes, the target borrowing rate for the Aave DAI Direct Deposit Module (D3M) will be set to 0.
