Affects: Aave v3 (protocol)
What happened
Aave's guardian multisig froze Ethereum Core tBTC on October 31 at 10:01 UTC, according to LlamaRisk.
What changed
Aave stopped accepting new tBTC deposits and additional borrowing power from tBTC following Threshold's minting and redemption pause.
What did not change
Users can still repay and withdraw, and liquidators can continue liquidations. Aave kept the existing liquidation threshold.
Confirmed
- LlamaRisk reported Threshold's precautionary minting and redemption pause on October 31.
- LlamaRisk confirmed that Aave had already frozen its Base and Arbitrum tBTC reserves during earlier deprecations.
Still open
- Threshold's full backing claim remains unverified.
- LlamaRisk did not establish when Threshold would resume minting and redemption.
What it means for an advisor
- Ketju should review the Aave memo's tBTC collateral restrictions and redemption dependencies.
- Borrowers cannot add tBTC to improve their health factors while the freeze remains effective.
Sources
- Aave's response to the tBTC minting and redemption pause · LlamaRisk · · effective
Version 3, published . First published ; every earlier version stays in the JSON file. We check this event again on . Educational research. Not investment advice.