Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Magepai on June 17, 2022, 02:45:44 PM
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In an effort to reduce exposure to Celsius, MakerDAO has disabled DAI loans using stETH as collateral through the Direct Deposit Module.
MakerDAO, the organization behind the DAI stablecoin, is set to disable the Direct Deposit Module (D3M) for DeFi lending platform Aave later today.
“The Maker Governance has voted to temporarily disable the Aave DAI Direct Deposit Module” tweeted MakerDAO. The governance proposal, put forward earlier this week, invited the community to vote on temporarily disabling D3M for Aave, in order to reduce Maker’s exposure to embattled crypto lending platform Celsius.more (https://decrypt.co/103150/makerdao-votes-to-disable-aave-dai-supply-reducing-celsius-exposure)