Gauntlet has initiated a vote in the Aave community to freeze CRV and set the CRV LTV to 0

ChainCatcher news, DeFi risk management company Gauntlet has once again initiated a vote on the lending protocol Aave to adjust the risks posed by the large CRV collateral loan of Curve founder Michael Egorov. Gauntlet stated, "Although the previous AIP proposal did not pass, Gauntlet still recommends freezing CRV and setting the CRV LTV to 0." The preliminary snapshot vote for this proposal is expected to end on July 8.

, Gauntlet suggested to the Aave governance community to freeze the CRV tokens in the loan position of Curve Finance founder Michael Egorov's wallet address and set the loan-to-value ratio of CRV on Aave v2 to zero to mitigate the risks posed by the loan positions on the crypto lending protocol, but the Aave community unanimously voted against it. (Source link)