Approximately $110 million in assets on Aave V2 on Polygon cannot be withdrawn due to an update bug, and the fix patch will be deployed after the vote

2023-05-20 11:25:48

Collection

ChainCatcher message, the latest update of Aave V2 has rendered approximately $110 million of WETH, USDT, WBTC, and WMATIC on Aave V2 on Polygon unable to be withdrawn, borrowed, or repaid.

Currently, Aave has submitted a patch to fix this issue, which will be deployed after the vote passes. The reason for the issue is that the Polygon implementation of Aave V2 used a slightly different function definition list for its interest rate strategy contract, resulting in a bug after the update.

bgdlabs indicates that the current points to note include: only Aave v2 Polygon is affected, all other Aave v2 instances (including v2 Ethereum and Avalanche) are functioning normally, and Aave v3 is completely fine; all funds in the pool are absolutely safe; it is currently not recommended to pause the pool through Aave Guardian (the only available mechanism). (source link)

Related tags

Polygon Aave V2

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.