.AaveAave token holders began voting today on two governance proposals intended to address the liquidation risk recently experienced by Curve. By
in several OTC deals to pay off portions of his debt, the potential liquidation motivated Aave token-holders to start voting on whether to disable CRV borrowing and reduce the liquidation threshold for CRV.
Chaos Labs CEO Omer Goldberg indicated in the governance vote that the motivation behind one of the proposals “is to disable the ability to short CRV via the Aave protocol,” which would prevent crypto users from borrowing CRV to dump and further impact its price.
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