Borrowers in Aave's frozen reserves kept paying interest while the restrictions prevented fresh deposits, including the extra collateral they might normally supply to protect a loan. Suppliers were still able to request their money back, provided enough tokens were available, so withdrawals could make borrowing more expensive even though new borrowing was blocked in those… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Aave borrowers faced up to 36% APR while a freeze blocked fresh collateral
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CryptoSlateBy Andjela Radmilac
EXECUTIVE SUMMARY
Borrowers in Aave's frozen reserves kept paying interest while the restrictions prevented fresh deposits, including the extra collateral they might normally supply to protect a loan. Suppliers were still able to request their money back, provided enough tokens were available, so withdrawals could make borrowing more expensive even though new borrowing was blocked in those… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in you
Key Takeaways
- Aave borrowers faced up to 36% APR while a freeze blocked fresh collateral.
- Borrowers in Aave's frozen reserves kept paying interest while the restrictions prevented fresh deposits, including the extra collateral they might normally supply to protect a loan.
- Get The Catalyst in your inbox
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Published originally on CryptoSlate
