Wu Shuo has learned that Aave released a post-mortem on a Swap event, stating that a user exchanged approximately 50.43 million USD worth of aEthUSDT for approximately 36,000 USD worth of aEthAAVE through CoW Swap routing on the Aave frontend, with a price impact of approximately 99.9%. Aave stated that the transaction occurred in a third-party Swap protocol and that the core lending protocol was not affected. The cause of the incident was that the user executed an extremely large order in a market with extremely low liquidity and confirmed a high-risk quote. Aave stated that it will launch the Aave Shield feature, which will block Swaps with price impact exceeding 25% by default.

AAVE1.78%
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