News and updates on Aave’s lending protocol, governance proposals, and innovations in decentralized finance.
Bitcoin and Ethereum make up 91% of Bitfinex reserves, U.S. Senators want FTX executives to be held accountable for the FTX crash, and much more in this edition of CryptoSlate Wrapped Daily.
Zeynep Geylan 5 min read 
The developers submitted a proposal to the DAO on Aug. 10 requesting funds to cover payments for development work done over the past 12 months.
A governance proposal on Aave has been passed to suspend ETH borrowing following detailed simulations of high utilization of ETH caused by users attempting to receive an ETHPoW airdrop.
Aave developers believe that no Ethereum fork running on an alternative consensus can effectively sustain a viable Aave market.
Users regain access to Aave's front end after compliance API flagged Tornado Cash-dusted wallets.
Decentralization may be under attack as Aave, Uniswap, Balancer and more reportedly ban wallets which have interacted with Tornado Cash. A centralized dataset created by TRM Labs appears to be responsible for the accounts being banned.
Aave DAO gives development team the greenlight to launch its decentralized stablecoin GHO. Aave users will mint the stablecoin against their supplied collateral.
The proposed stablecoin GHO will be overcollateralized, pegged to the U.S. dollar, and backed by Aave Protocol collaterals.
MakerDAO’s decision is tied to the fact that half of DAI borrowed on Aave was from Celsius, which is currently facing liquidity issues.
