In light of a recent failed $60-million exploit on Curve .Finance, Aave has temporarily frozen lending.
Apart from these, the protocol also suspended the following stablecoins: sUSD, Pax Dollar , Liquidity USD , Gemini Dollar and RAI. With the assets frozen, users cannot take loans on the assets or deposit their assets to the protocol.
According to the proposal, the aim of the move is to reduce the risk for Aave v2 and promote the eventual migration to v3. The proposal also pointed out the lower risk tolerance of community members at the moment. However, the authors of the proposal also highlighted that the next course of action, which may be to either delist or relist the markets, would depend on liquidity and usage levels.
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