The proof that the Aave protocol is not decentralized?

Aave (AAVE) has shown strong ambitions for 2022 from the start of the year. Its ecosystem has undergone several changes throughout this year thanks to different development projects. But, lately, users of the Aave protocol have encountered difficulties. And according to rumors, the network would no longer be decentralized.

The protocol remains decentralized

In a tweet on August 13, the project team explains the new operation of its network. She stated that she hearsbuild a safe and secure system for users“. In this context, the team integrated the TRM API on the Aave IPFS interface. This integration caused some issues, and a few users had trouble accessing the Aave app.

That said, the Aave team integrated TRM’s API after OFAC sanctioned Tornado Cash. According to its settings, this API “filters and blocks addresses that have interacted with TC contracts after the sanction“. Even so-called “dusted” self-custodial wallets are identified and blocked. As a result, holders of these portfolios have encountered difficulties in accessing the Aave IPFS interface.

TRM’s API allegedly made incorrect calls regarding the type of wallet to be part of the blocklists. This caused a number of issues that the Aave team would have resolved immediately.

She added: “We continue to assess responsible and reasonable risk mitigation given the circumstances.“. “The Aave protocol is and remains decentralized and governed by a DAO. We encourage the community to stay engaged and actively fight for fair finance“, she concluded.

Faced with rumors that the Aave protocol is not decentralized, the project team reacted on Twitter. He said the network is quite decentralized and governed by a DAO. He assured that it will continue to innovate, while encouraging the community to stay engaged.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential!

Similar Posts