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Aave plans to remove the collateral eligibility for several volatile tokens such as CRV and UNI.
PANews, November 13 - According to DeFi researcher Ignas, Aave is currently voting to set the LTV of tokens such as $CRV, $UNI, $ZK, $BAL, $LDO, 1INCH, $METIS, $CAKE to 0 and remove lending due to a rise of 15%-50% in the single update of the oracle machine during the big dump on 10/10 (Beijing time 10/11 early morning) and some price feed latency causing bad debt risk. Ignas pointed out that Chainlink prices and DEX prices had a price difference of about 58%, leading to approximately $200K funds being arbitraged; the total collateral income of these assets over the past three months is about $14K, and borrowing income is low (e.g., CRV annualized ~$80K). He, as a delegator, has voted in support.