Tron founder Justin Sun has withdrawn a large number of cryptos from popular DeFi protocol lending pools Aave, according to data on blockchain
and hence This caused a large amount of liquidity to disappear from the platform. But it also resulted in a very high interest rate as well.
Sun’s withdrawal may be due to concerns over recent tweets between members of the Yearn and Aave community, with members of the Yearn community implying that Aave is vulnerable to attack.
Yearn founder Andre Cronje tweeted earlier on Friday that “Aave is vulnerable to the same attack as Cream Finance,” resulting in over $130 million worth of tokens being stolen.
Aave founder Stani Kulechov Tweetthat the crypto community should coexist “Let’s work together support each other And most importantly, win together,” he wrote.
Everyone in DeFi is in the same boat. We all want to make finance more fair, transparent and impactful to empower the next wave of users. Building DeFi is hard and communities have their differences. Lets work together, support each other and most importantly win together. WGMI
— stani.eth (
,
)
(@StaniKulechov) October 29, 2021
After the argument, Aave admitted that there were concerns about a possible vulnerability when xSUSHI was used as collateral in the Aave protocol. It’s unclear if this is the same vulnerability that Yearn’s developers alluded to, however. As a precautionary measure, Aave has also highlighted a proposal to disable xSUSHI-related functions.
Currently, Aave token holders can govote on offerthrough the regulatory platform
refer : LINK
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