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Cryptoknowmics 2022-11-24 08:18:31

Llama and Gauntlet Propose Covering $1.6M in Aave Bad Debt

According to Tuesday’s short endeavor connected to Mango Market’s exploiter Avraham Eisenberg by the DeFi management software Llama and DeFi risk management company Gauntlet, a governance recommendation has been made on Aave to pay the DeFi lender’s $1.6 million bad debt. Llama and Gauntlet to Cover Aave Debt The plan suggests paying the debt with money from the treasury of Aave and the Gauntlet bankruptcy fund. The 4,923 staked Aave tokens worth $283,000 are held by Gauntlet’s bankruptcy fund. The plan also said that the DeFi lender’s treasury, valued at $165 million according to Llama’s most recent financial statement, can The post Llama and Gauntlet Propose Covering $1.6M in Aave Bad Debt appeared first on Cryptoknowmics-Crypto News and Media Platform .

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