Aave fork on Blast mistakenly liquidated $26m
An Aave fork on Blast network liquidated user positions worth over $26 million due to an erroneous threshold change. Pac Finance, an iteration of decentralized finance (defi) lender Aave on Coinbase’s layer-2 chain Blast, attempted to adjust its loan-to-value (LTV) parameters on April 11. Instead, the Aave fork unknowingly reduced its liquidation threshold. The result was a...