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Why Aave’s $98M cleanup signals a shift from ‘deploy everywhere’ DeFi
['Benjamin Njiri', 'Written By', 'Reviewed By', 'Gladys Makena', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi']
AMBCrypto
In a statement on the 30th of July, Kulechov said the move is aimed at reducing the protocol’s risk exposure.
These measures reduce Aave’s economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.
The aforementioned Aave risk framework was formed in June by LlamaRisk, the protocol’s risk service provider.
This is the first major application of the risk framework since its debut, and the implications could be far-reaching.
Will other DeFi players follow Aave’s cleanup move?