## Background During Phase 3 of Aave V1 deprecation (executed May 2024), the governance documentation explicitly stated: > “After all the Phases are finished, additional ad-hoc steps can be executed, like Rescue Mission for locked funds.” Source: [V1 Deprecation Phase 3]( [TEMP CHECK] BGD. Further Aave v1 deprecation strategy ) Eight months have passed since Phase 3 execution, but no rescue mission has been initiated. ## The Issue V1 LINK pool has effectively zero liquidity for withdrawals. Users holding aLINK V1 cannot redeem their deposits despite the protocol allowing withdrawals. **My situation:** - Wallet: `0x532e32e1…2F6CAfD71` (can provide full address if needed) - Holdings: ~7,129 aLINK V1 (approximately $96,000 USD) - Recent withdraw attempt (Dec 15, 2024): - Redeemed: 7.137 aLINK - Received: 0.00266 LINK (~0.04% of expected value) - Transaction: Block 24018562 This represents a total loss of withdrawal functionality due to empty pool reserves. ## Precedent for User Protection Aave DAO has previously demonstrated commitment to user fund recovery: **2023 Token Recovery Mission:** - Rescued $2.18M in mistakenly sent tokens - Returned 29,188 AAVE + other assets to rightful owners - Set precedent for DAO intervention in locked funds **2024 AMPL Pool Compensation:** - Distributed $300K+ USDC to affected depositors - Acknowledged protocol responsibility despite external factors ## Request Given: 1. Explicit mention of “Rescue Mission” in official V1 deprecation plan 2. Established precedent for user fund recovery 3. Technical feasibility of liquidity injection or alternative recovery mechanisms 4. Substantial value still locked ($96K in my case alone) **I respectfully request:** 1. **Timeline**: When will the V1 rescue mission be executed? 2. **Scope**: How many users and what total value is affected? 3. **Mechanism**: What recovery approach is being considered? I understand V1 is deprecated and no longer supported. However, the explicit promise of a rescue mission in the governance documentation suggests this was anticipated and planned for. ## Additional Context I’m willing to provide any necessary verification of holdings. I’m posting under a pseudonym for privacy but can be reached through this forum account for any follow-up. Are there other V1 depositors in similar situations? If so, perhaps we should coordinate to help governance understand the full scope of the issue. Thank you for your consideration. ```
Hello,
V1 isn’t supported technically anymore.
I would suggest you go and ask in the official Aave discord for support. There you can share more information without revealing your wallet in this public forum.
ty for your guidance
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