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Aave V4 proposal would put DAO funds first in line to absorb lending losses
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A TokenLogic proposal for Aave V4 would put the DAO on the front line to absorb uncollectible debts, while Umbrella subscribers would take on subsequent losses in exchange for additional rewards.
Cryptocurrency News | Cryptocurrency Prices | Market Cap+2 Reposted by 2 other sources
Aave V4 proposal would put DAO funds first in line to absorb lending losses
Aave V4 lenders supplying wrapped Ether (WETH), USDC or USDT to its Core liquidity Hub on Ethereum would receive a bad-debt backstop under a Sept. 11 proposal from TokenLogic . The Umbrella plan would put Aave’s DAO first in absorbing losses, followed by volunteer underwriters, while limiting this...
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