the official news from Aave, the Aave v3.3 version upgrade developed by BGD Labs has officially launched. This upgrade mainly optimizes the bad debt handling and liquidation mechanism, paving the way for the upcoming Umbrella security system. The Umbrella system will replace the existing Safety Module, introducing automated mechanisms that allow users to stake aToken to earn rewards, while also being used to absorb protocol bad debts without the need for governance voting intervention. This system is only open to users without lending positions, aimed at enhancing protocol security, especially in times of market volatility to better protect user assets from bad debt impact.
Aave protocol completes v3.3 upgrade, optimizing bad debt processing and liquidation mechanisms
2025-01-01 14:00:00 9216 Reading
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