Aave Community Proposes WBTC Removal
Article is form Jinse
September 20, 2024
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Aave Community Proposes WBTC Depeg
Golden Finance reports that Aave community member LlamaRisk has submitted a proposal to depeg WBTC. The proposal outlines the following:
- Reduce WBTC LTV to 0 across all V3 instances (Ethereum, Arbitrum, Avalanche, Harmony, Optimism, and Polygon). This would prevent additional borrowing against WBTC collateral without impacting existing user positions.
- Lower supply and borrowing limits to 5-10% above current utilization. This would limit further WBTC risk while allowing users flexibility to adjust their positions.
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