TechFlow news: DeFi risk management platform Gauntlet has proposed a motion within the Aave community to set the LTV (Loan-to-Value ratio) of CRV on Aave v2 to zero. The proposal states that Gauntlet has been analyzing the risk associated with wallet addresses starting with 0x7a16.
As of August 1, 2023, this address had used $158 million worth of CRV as collateral to borrow approximately $54 million in USDT. Due to recent declines in CRV liquidity, Gauntlet recommends setting the CRV LTV on Aave V2 Ethereum to 0 to prevent further borrowing against existing CRV collateral. The voting period for this proposal ends on August 5.
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