EconomyAave borrowers faced rates as high as 36% APR during reserve freeze
Borrowers using Aave’s frozen reserves continued to pay interest, while restrictions barred new deposits, including extra collateral they might ordinarily add to protect a loan. Suppliers could still seek withdrawals if enough tokens were available, and those withdrawals could raise borrowing costs despite the ban on new borrowing.
Aave borrowers faced rates as high as 36% APR during reserve freeze
Economy