- #Aave DAO approves proposal to acquire #CRV tokens in #exchange for $2 million USDT.
- Acquisition aims to support DeFi ecosystem and enhance liquidity for Aave's stablecoin, GHO.
- Marc Zeller of Aave #Chain Initiative leads the decision after Curve's recent exploit and value drop.
- Purpose: Obtain 5 million CRV #tokens with 2 million USDT, backing DeFi and GHO liquidity.
- Tokens to incentivize GHO liquidity through Curve voting power and GHO-specific Gauge.
- Some Aave community members express concerns about increased CRV-related risks.
- Aave faces bad debt potential if CRV's price falls below 65% (~$0.32) due to a loan by Curve founder on Aave v2.
- Proposal passes with 58% approval and 42% against, despite raised concerns.
