Aave security module will release a new version of Umbrella, which plans to introduce features such as pledged assets and automatic slashing
Aave founder Stani Kulechov announced on the X platform that the Aave Safety Module (ASM) will soon release a new version called Umbrella. This version will introduce new features such as using Aave aToken as collateral, automatic seizures, per-network collateral, and improved incentive mechanisms. Ultimately, this SM will eliminate the dependence on using AAVE as the supported asset for the SM and bring more "hard" assets into the SM.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MuskIt Team Announces Musk Tower: UAE’s Upcoming Global Innovation and Crypto Hub
Uniswap Labs officially releases version 4
Ethereum Power Struggle: Buterin vs The Community Voice
Unmasking the Tug of Power: Vitalik Buterin's Lone Decision-Making Steering Ethereum Foundation Amidst Pending Leadership Reforms
Analytics Company Put Forwarded New Argument: “Whales May Be Preparing For Entry In This Altcoin”
According to cryptocurrency analytics firm CryptoQuant, whales may be preparing to enter a surprise altcoin.