Aave: On-chain wallet address review will require DAO consensus.

[Aave: On-chain wallet address review will require DAO consensus] Jinse Finance reported that the lending agreement AAVE stated that unless the community agrees, wallet monitoring due to government sanctions cannot be implemented at the smart contract level. Aave stated, “We have wallet monitoring here only at the front-end layer. For on-chain contract-level wallet monitoring for the Aave protocol, the Aave smart contract is decentralized and no one person or entity can change, control, update, or shut down the protocol.” .To make any changes to the protocol, AIP (Aave Improvement Proposals) must be proposed, voted and approved by Aave DAO".

AAVE stated that the recent blocking of wallet addresses through indirect Tornado Cash interactions only occurred on its front-end application. The temporary block list occurred due to a misconfiguration of the compliance solution TRM API integration. It has been corrected and its front-end should be available. Access to previously blocked users who did not have any direct interaction with Tornado Cash.

Other news:

The lock-up volume of the DeFi lending protocol Aave V2 exceeded US$11 billion, hitting a record high: On August 5, according to debank data, the lock-up volume of the DeFi lending agreement Aave V2 has exceeded US$11 billion, reaching a record high of US$11,087,692,021. The total number of users also exceeded 55,000, the 24-hour contract interaction volume was 9,662, and the number of interactive users was 917. Currently, the total amount of Aave V2 borrowing is $7,538,371,701, which is also the highest level in history. [2021/8/5 1:35:43]

AAVE broke through the $400 mark with an intraday increase of 11.26%: According to data from Huobi Global, AAVE rose in the short term and broke through the $400 mark. It is now reported at $400.1, with an intraday increase of 11.26%. The market fluctuates greatly, so please do a good job in risk control. [2021/3/7 18:22:47]

Aave founder: All DeFi protocols should strive for cross composability: Aave founder Stani Kulechov tweeted that the recent partnership with yearn.finance is a positive sign for DeFi. All DeFi protocols should strive for cross composability. Aave has been working with Andre Cronje since the beginning of this year and we have achieved positive network effects. [2020/11/30 22:33:06]