BlockBeats news, on March 22, Aave founder Stani.eth stated that Aave has no exposure to Resolv’s stablecoin, USR. Resolv, a liquidity provider on Aave, supplies its collateral assets to the protocol. These assets remain secure, as the collateral itself has not been compromised. Resolv is able to exit in an orderly manner and has already begun repaying its debts. Aave’s liquidity providers will not be negatively affected, and the Aave protocol itself remains completely unaffected.
Aave Founder Confirms No Risk Exposure to Resolv's Stablecoin USR
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Summary
Aave founder Stani.eth confirmed in on-chain news that the protocol has no risk exposure to Resolv’s stablecoin, USR. Resolv, a liquidity provider on Aave, holds collateral assets within the protocol and remains unaffected. The company is repaying its debts and will exit the system in an orderly manner. Aave’s liquidity providers and the protocol itself are not impacted.
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