Aave security module will release a new version of Umbrella, which plans to introduce features such as pledged assets and automatic slashing

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Cointime2024/07/24 10:34

By:Cointime

Aave founder Stani Kulechov announced on the X platform that the Aave Safety Module (ASM) will soon release a new version called Umbrella. This version will introduce new features such as using Aave aToken as collateral, automatic seizures, per-network collateral, and improved incentive mechanisms. Ultimately, this SM will eliminate the dependence on using AAVE as the supported asset for the SM and bring more "hard" assets into the SM.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/09/12 06:14