Aave

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<ul class="news-points"> 
 <li><strong>Analyst Adam Cochran has lauded Gauntlet Network for limiting the use of TUSD on Aave.</strong></li> 
 <li><strong>Gauntlet’s decision came after the protocol noticed the abnormal borrowing behavior of TUSD.</strong></li> 
 <li><strong>Cochran recently carried out a probe into the real owners of the TUSD stablecoin.</strong></li> 
</ul> 
<p>Crypto expert Adam Cochran recently took to Twitter to appreciate decentralized finance protocol Gauntlet Network’s decision to limit the use of the TrueUSD stablecoin on its Aave V2 lending pools. Gauntlet’s decision came after the crypto expert highlighted irregularities in TrueUSD’s operations and ownership structure.</p> 
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   <p lang="en" dir="ltr">1/2<br><br>I give <a href="https://twitter.com/gauntletnetwork?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@gauntletnetwork</a> flack sometimes but they did good here; noted abnormal borrowing behavior of <a href="https://twitter.com/search?q=%24TUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$TUSD</a> on <a href="https://twitter.com/AaveAave?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@AaveAave</a> and initiated a vote to adjust its role as collateral.<br><br>This is the kind of proactive behavior <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cz_binance</a> and <a href="https://twitter.com/heyibinance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@heyibinance</a> should be taking. <a href="https://t.co/268RfmkxIk" target="_blank" rel="nofollow">https://t.co/268RfmkxIk</a></p>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1675832774320635905?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 3, 2023</a>
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<p>According to Cochran, the Gauntlet Network recently concluded a vote to adjust the role of the TUSD stablecoin as collateral on their Aave lending pools. The abnormal borrowing behavior of TUSD on Aave v2 led to the vote on Gauntl…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/gauntlet-reduces-tusds-role-as-collateral-after-experts-scathing-probe/">Gauntlet Reduces TUSD’s Role as Collateral After Expert’s Scathing Probe</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Gauntlet Reduces TUSD’s Role as Collateral After Expert’s Scathing Probe

Coin Edition

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