DeFi lending protocol Aave is a popular candidate for “forking,” whereby developers take open-source code and launch a spinoff.
But when its bug bounty program unearthed a potential vulnerability in Aave’s code, the exploit route wasn’t made public.
Aave’s council of community guardians froze certain assets and markets on Aave after learning of the bug on Nov. 4.
Over the following week, Aave DAO’s service provider bgdlabs made proposals to disable stable rate borrowing and end the minting of stable debt where borrowers would pay fixed rates in the short term that could be rebalanced later.
Aave lending markets returned to normal on Nov. 13 after the proposals were…
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