Circle proposes to adjust Aave rate to fix USDC liquidity crunch


It proposes a great economic model for the cycle of the company Ghurdon’s recalcitrant rate of the special interest rate of the country (usdc). The proposal aims to restore the USDC currency in the Aave platform on the Ethereum network after days of full exploitation.

Aided by the CEO of the Jeremy Circle company, the proposal of the government on the X platform, including the changes of the parameters recommended by him.

why usdc currency pair in aave

سُجِّلت سيولة usdc في aave v3 Ethereum Core at 99.87% from exploitation For four consecutive days. The available liquidity is less than 3 million dollars, while the total supply decreased by about 60 million.

This crisis is due to Exploitation of KelpDAO rsETH on 18 Aprilwhich led to overdrafts worth approximately 300 million dollars.

The relevant suppliers began to borrow stable currencies against their deposits for departure via decentralized platforms.

اوزح لياو في analyze it Those borrowers are not structurally affected by interest rates.

At 14%, one week of borrowing costs only 27 basis points. That made the current maximum interest rate not enough to borrow new items.

Two-step solution for the interest rate

استقبل لياو نهجاً من مرحلتين. The first step includes taking immediate action before the risk manager on the same day to raise the 40% Slope and reduce the optimal exploitation to 87%. Then the full vote of the government will be held within five to seven days to approve the final parameters.

At the proposed Slope 2 of 50%, the average maximum width will reach about 48%. He argued that this level should attract funds from those allocated across the markets, which would push exploitation to the brink once again.

אמל aave נחו הל קרישים

At the same time, the founder of aave, Stany Kolitschov, said that the team is working on several solutions to the problem. He pointed out that the Arbitrom Security Council recovered 70 million dollars from eth, which may reduce the risk.

Kolitschoff said in the manifesto that every decision we take is aimed at an organized return to the empty containers and achieving the best possible result for everyone who participates.

Call Risk is available since you left شركة كايوس لابز earlier this month.

stop activating the temporary standards on the collective action of multiple signatures from the values ​​otherwise.

AAVE
AAVE source: BeInCrypto

Despite this news, the price of the AAVE token increased by about 5% in the last 24 hours, and was trading at $95.21 at the time of writing this report.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *