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LlamaRisk Proposes Removing $1.33 Billion in Collateral From Aave Core Market

(3 hours ago) · 1 source · Summarized by CryptoBipto

LlamaRisk has submitted a proposal to exit $1.33 billion worth of collateral from the Aave Core market. The proposal, if approved by Aave governance, would represent a significant change to the assets accepted as collateral on one of the largest decentralized lending platforms.

WHY IT MATTERS

Aave works like a decentralized bank where people deposit cryptocurrency as collateral — think of it like putting up your house as security for a loan.

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SOURCES

  • thedefiant.io

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