Aave Companies supports Aave DAO freezing USDC, USDT, DAI, FRAX, and MAI on Aave V3 Avalanche. This action prevents new risk from entering the V3 Avalanche market while users can continue to manage their positions in other assets as normal.
Contributors and Guardians have taken quick action to limit risk. We appreciate the Aave DAO’s quick action, conservative risk management and robust process to reduce risk, and we encourage continued analysis and stress testing across all Aave deployments.