Aave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug
All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said.
Some Aave version 2 (V2) users are temporarily unable to access their funds stuck on the decentralized exchange's deployment on the Polygon blockchain after a strategy containing a faulty bug went live last week.
Decentralized finance (DeFi) protocol Aave allows users to lend and borrow tokens on several blockchains, such as Ethereum, Polygon and Avalanche. The extent of this sometimes causes compatibility bugs to arise, temporarily rendering parts of the platform inaccessible to users and leave funds stuck.
An upgrade last week to the “ReserveInterestRateStrategy” caused the issue, security firm BlockSec tweeted. Affected tokens include tether (USDT), bitcoin (BTC), ether (ETH) and polygon (MATIC).