Aave founder: Gauntlet has suspended withdrawals on Compound
Foresight News reported that Aave founder Stani Kulechov tweeted, "DeFi risk management protocol Gauntlet has suspended withdrawals on Compound, and the de-pegging of deUSD means users cannot withdraw their principal when facing bad debt risk." Gauntlet's CBO later commented that this suspension was a proactive precautionary measure aimed at reducing risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Street fires spread to the bond market as France's fiscal crisis is pushed to the brink
Violent riots over the weekend in France have severely impacted the bond market, with the France-Germany yield spread approaching the 150 basis points debt crisis red line and the euro falling to the bottom among G10 currencies. Friday's Moody's rating review has further heightened market concerns over downgrade risks.


Equities: AI trade unwind weighs on tech – Danske Bank

