Circle Proposes Aave Rate Overhaul to Fix USDC Liquidity Crisis
Circle’s Chief Economist Gordon Liao has proposed a major recalibration of Aave’s USD Coin (USDC) interest rate model. The proposal aims to restore Aave USDC liquidity on Ethereum after days of full utilization. Circle CEO Jeremy Allaire endorsed the governance proposal on X, calling attention to Liao’s recommended parameter changes. Why Aave USDC Liquidity Dried … Read more