On the 18th (local time), Avara founder and CEO Stani
Kulechov was recently reported to have supported a proposal to end support for the Polygon market on the Aave platform.
The proposal is an early-stage Polygon PoS portal bridge between Allez Labs and Morpho Labs that will allow stablecoins to be used to generate revenue.
This follows a proposed improvement plan (PIP). Kulechov argued that the proposed PIP poses unacceptable security risks to Ave, and that the vulnerability of the bridge is a threat to decentralized finance.
He highlighted that the most serious financial losses have occurred in DeFi, including the $100 million Harmony blockchain incident in June 2022.
He cited the Horizon bridge hack as an example of the danger of bridge vulnerabilities.
This coincides with a proposal made by Chain founder Marc Zeller on December 13th. Zeller said he plans to restrict Polygon users from using Aave and eventually suspend its operation.
Zeller argued that AVE v2 and v3 would adjust risk parameters for Polygon network loans and allow Polygon users to use the loan protocol.
He suggested encouraging investors to avoid depositing funds in the bank.
2024/12/19 17:12 KST
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