Ave has paused several markets after reports of behavioral problems

Decentralized financial (DeFi) protocol Aave suspended multiple markets on November 4 after receiving reports of “a certain behavior,” according to a post on X (formerly Twitter).

The pause affects several networks, including the Aave V2 Ethereum market and certain assets on Aave V2 on Avalanche. Additionally, certain properties on Polygon, Arbittrum and Optimism have been blocked.

“Today we received a report about an issue with a certain behavior of the Aave protocol,” Ave announced, adding that after confirmation by community developers, the guardian has taken the following temporary protective measures (no money is at risk).

Aave did not say what type of problem or behavior caused the issue or which properties were affected. Aave's post emphasized that no funds were at risk in any of the markets.

Today we received a report of an issue with a specific feature of the Aave protocol. After verification by community developers, the guardian has taken the following temporary security measures (no funds are at risk):

— Aave (@aave) November 4, 2023

According to the protocol, Aave V3 markets on Ethereum, Base and Metis will not be affected by the issue. Additionally, Aave V2 markets on Polygon and Avalanche are not affected.

“A management proposal to restore normal operation of the Protocols will be presented shortly. A detailed postmortem will be released once the matter is fully resolved,” the Protocol said in the filing.

Users who bid or borrow from frozen assets can still withdraw and pay, but they won't be able to bid or borrow additional assets until the issue is resolved, Aave explained. No action can be taken on standing assets.

There is no indication that the issue has affected the value of Aave's native token, AAVE. At the time of writing, the token is at $89.10, down 1.54%, according to CoinMarketCap.

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