said<\/a> on X.<\/p>\n<\/p>\n
The decision comes following a detailed analysis conducted by Chaos Labs, which said that Ethena’s model “introduces unprecedented quantitative considerations in the DeFi space.” <\/p>\n
That, coupled with “the minimal revenue DAI collateral brings to Aave,” means that “Aave could decide to reduce exposure to DAI as collateral,” Chaos Labs said.<\/p>\n
Aave governance decided to follow Chaos Labs’s “Conservative” recommendation rather than its “Aggressive” one, which would have reduced DAI’s LTV to 0%. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Aave is decreasing DAI loan-to-value (LTV) ratio by 12 percentage points after MakerDAO added Ethena’s USDe synthetic dollar as collateral. Aave, the largest lending protocol in decentralized finance (DeFi), is reducing the amount of MakerDAO’s DAI stablecoin allowed as collateral on concerns Maker has become more risky after it added Ethena’s USDe as backing for […]<\/p>\n","protected":false},"author":2,"featured_media":278481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-278479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/278479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=278479"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/278479\/revisions"}],"predecessor-version":[{"id":278486,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/278479\/revisions\/278486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/278481"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=278479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=278479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=278479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}