aip: TBA
title: Aave V3 Harmony - Freeze Reserves
status: Proposal
author: 3SE Holdings
created: 07/12/2022
Simple Summary
This ARC presents the community with a first step towards addressing the current issues with the Aave V3 Market on Harmony in the aftermath of the exploit on Harmony’s Horizon Bridge.
This proposal calls for the Aave Guardian to freeze all reserves on the Aave V3 deployment on Harmony. This action would protect users by disabling the ability to deposit or borrow ass…
Putting forward a first step. Believe that freezing the reserves should happen immediately, followed by (if not bundled) with an interest rate adjustment.