Aave is considering removing several volatile tokens, including CRV and UNI, from its staking eligibility list. The proposal involves setting the loan-to-value (LTV) ratio of tokens such as $CRV, $UNI, $ZK, $BAL, $LDO, 1INCH, $METIS, and $CAKE to zero and discontinuing lending services. This move follows a significant price discrepancy during a market crash on October 10th, where a single oracle update caused a 15%–50% price jump, leading to potential bad debt risks due to delayed price feeds. DeFi researcher Ignas highlighted a 58% price difference between Chainlink price feeds and decentralized exchange (DEX) prices, resulting in approximately $200,000 being arbitraged. Despite the total staking income of these assets being around $14,000 over the past three months, borrowing income remains low, with CRV's annualized income at about $80,000. Ignas, a delegator, has voted in favor of the proposal.
Aave Proposes Removal of Volatile Tokens from Staking Eligibility
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