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Aave borrowers faced up to 36% APR while a freeze blocked fresh collateral
Headline from CryptoSlate
Key points
- Aave borrowers faced annual percentage rates reaching up to 36% during a reserve freeze that prevented users from adding new collateral.
- While fresh deposits and new borrowing were blocked, existing suppliers retained the ability to withdraw their funds.
- These withdrawals reduced available liquidity, which drove up interest rates for active loans despite the market restrictions.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoSlateAave borrowers faced up to 36% APR while a freeze blocked fresh collateral · 3 hours agoRead on CryptoSlate
Story timeline
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