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Aave Freezes tBTC Supply and Borrowing After Mint-and-Redeem Pause
(4 hours ago) · 1 source · Summarized by CryptoBipto
Aave, a major decentralized lending protocol, has frozen new supply and borrowing of tBTC on its platform. The action followed a pause in tBTC's mint-and-redeem functionality, prompting Aave to take precautionary measures to protect its users.
WHY IT MATTERS
Think of tBTC like a receipt that represents Bitcoin stored somewhere else.
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SOURCES
- newsbtc.com
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