Aave Proposal To Prohibit Curve Finance CRV Borrowing Officially Passed

The Aave community has approved the proposal to prohibit additional $CRV borrowing, with a 100% support rate. The risk management firm Gauntlet proposes the Aave community to block Curve DAO Token ($CRV) borrowing to prevent the liquidation risk of Curve Finance founder Michael Egorov’s debt that could trigger a contagion and possibly a DeFi crash.