Gauntlet recommendation to freeze CRV and set CRV LTV -> 0 on Aave v2

Altering the protocol to explicitly attack one user who has done nothing to violate any of the rules or functions of the protocols seems questionable to me. The evidence and things that show suspect behavior are even worse.

  1. We’ve crunched some numbers and are going to pull a literal Minority Report. They’re guilty of future crimes and will be punished today.
  2. We found out that they use more protocols than Aave.
  3. The address is rumored to be a Curve founder. PS: Curve recently launched a rival product to Aave.
  4. They may be getting liquidity on tokens by borrowing against them… which of course goes against the principals of a money market.

This whole thing seems crazy to me. I could at least understand it if they were a hacker or something but we’re going after a user who hasn’t violated or exploited or abused anything. They literally just using the platform like normal and now that’s deemed a cardinal sin, with things like “they use protocols other than Aave” or “they engage in borrowing and lending on borrowing and lending platforms” being presented as evidence of their crimes or marks against their character.

If we’re going after a specific user, imo there has to be some real wrongdoing going on. It can’t be some Minority Report prediction backed up with claims that they aren’t a maxi for the protocol and that borrowing against your tokens, the entire point of Aave, is now like unethical or something.

3 Likes