Together with @veda_labs and @kamino, Aave Labs submitted a legal framework to the SEC.
Getting clarity on DeFi’s biggest category is essential for the future of our industry. Glad @LindaJeng1 and others are leading this effort.
A crazy 24 hours, but Aave markets are back in business.
Few things to note:
1. Aave is fine.
2. Withdrawals and repayments stayed open the whole time.
3. We’re changing the “freeze” language so it’s clearer for anyone who doesn’t follow protocol terms.