Aave has announced a proposal to implement a new risk framework aimed at tightening risk standards across its protocol. This move comes in response to the recent exploit involving KelpDAO. The proposed framework, developed by LlamaRisk, consists of four layers designed to enhance security and risk management.
Under the new framework, assets that do not meet the updated risk criteria will be off-boarded from the platform. This initiative is part of Aave's efforts to bolster the protocol's resilience and protect users from potential vulnerabilities.
Aave Proposes New Risk Framework After KelpDAO Exploit
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