Aave, the DeFi lending protocol, has temporarily halted certain operations as a precautionary measure in response to reported issues, according to an official announcement. The protocol emphasized that no funds are in jeopardy due to these actions.
Specifically, Aave has suspended Aave V2 operations on the Ethereum network, as well as frozen certain assets on Aave V3 across Polygon, Arbitrum, and Optimism. The protocol has stated that these services will resume once a forthcoming proposal is approved to restart the paused operations. Furthermore, a postmortem report detailing the issue will be published once the situation is fully resolved.
It’s important to note that Aave V3 remains fully functional on Ethereum, Base, and Metis, while V2 operations on Polygon and Avalanche remain unaffected. These precautionary measures have been implemented to safeguard the stability and security of the protocol. It’s crucial to stress that these actions are preventive, and there have been no security breaches affecting the funds in any of Aave’s markets.
For users with assets in the temporarily frozen markets, withdrawals and repayments of positions are still possible. However, any further supply of or borrowing from these assets will be on hold until the situation is fully resolved. As for the paused assets, all actions are currently suspended and will only resume once the pause is lifted.
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