PANews
PANews|Mar 15, 2026 01:48
[Aave: Launching Aave Shield Feature to Default Block Exchanges with Over 25% Price Impact] On March 12, a user exchanged $50 million USDT for AAVE through the Aave interface but failed to heed the slippage warning, ultimately receiving only approximately $36,000 worth of AAVE, resulting in a loss of nearly $50 million. Aave stated that the exchange occurred via the third-party platform CoW Swap, and the Aave core protocol was not affected. Additionally, Aave will deploy a new feature, Aave Shield, which will default block exchanges with a price impact exceeding 25%. Earlier reports indicated that a whale lost nearly $50 million while exchanging USDT for AAVE due to ignoring the slippage warning.
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