Circle Proposes Emergency Rate Changes to Unlock Frozen Aave USDC Pool

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The utilization of the USDC pool in Aave V3 Ethereum reached a critical 99.87%, leaving barely 3 million dollars in available liquidity currently. Gordon Liao, an economist at Circle, seeks to raise the maximum interest rate from 12.6% to 48.2% to incentivize massive deposits immediately.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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