Aave said all markets on Aave V3 and V4 have now been unfrozen following an update on its handling of the Binance-related incident. The protocol had previously frozen markets as a precaution after initial reports of the event surfaced, while pausing new deposits and new borrowing. Withdrawals and repayments, however, remained available throughout the process. Aave also said its contracts were not affected by the incident and that positions on the protocol remained fully collateralized at all times. As an ongoing precaution, the loan-to-value ratio for USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG and OP will temporarily remain at 0, which means those assets cannot currently be used as collateral to support new borrowing.
Aave said all markets across Aave V3 and V4 have now been unfrozen following an update on its response to the Binance-related incident.
Earlier, after initial reports of the event emerged, Aave froze markets as a precaution and paused new deposits and borrowing. Withdrawals and repayments remained operational throughout.
Aave said its contracts were not affected by the incident, and positions on the protocol remained fully collateralized at all times.
As an ongoing precaution, the loan-to-value ratio, or LTV, for USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG and OP will temporarily remain at 0. Those assets therefore cannot currently be used as collateral for new borrowing.
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