PANews
PANews|Jun 03, 2025 02:39
AAVE will launch Umbrella security module on June 5th to address bad debt risks According to the Aave Community Forum, AAVE will officially launch the Umbrella system on June 5, 2025, allowing users to pledge aTokens to prevent bad debts and receive rewards. This mechanism replaces the old pledged AAVE and stkABPT methods, and addresses bad debts by directly destroying aTokens, achieving higher capital efficiency and objective triggering mechanisms. Initially, it will be implemented on networks such as Ethereum, Arbitrarum, Avalanche, and Base, covering major assets such as USDC, USDT, and WETH. Umbrella has completed development and audit, and is ready for launch.
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