Dan Elitzer

The team is strong experience.

They've got a lot of brand equity and trust built up in the ecosystem.

I would assume that they are working around the clock to cut some sort of deal to help protect as many of their users as possible.

I don't know when that will be announced, what the shape of it, who would be involved in anything, but like there's no way they're not having those conversations.

When Aave is in trouble like this, it ripples across the ecosystem.

We've seen even other lending protocols, you know, Morpho's seen outflows.

I think actually Spark might be the only one with net inflows at this point.

Fluid saw outflows.

Others like people just are pulling capital back when you've got these funds running strategies at size where there are three, four, five X levered on some of these like ETH loops and kind of carry trade loops on stables.

This is bad.

Everybody wants to get out.

And either we're going to start seeing some liquidation soon that's going to kind of like forcibly kind of unwind some of this, or we're going to see some form of capital injection and bolstering of trust.

Because right now what we're seeing is a bank run and it is having contagion effects across the ecosystem.

Yeah.

So for rate limits within a given protocol, you say, hey, no more than this amount of deposits, withdrawals, mints can occur within X number of blocks, ideally, right?

Because that we can be much more certain about blocks than timestamps.

And then the idea of like a circuit breaker is like, hey, rather than hard limiting saying just we're going to prevent this action, you actually can circuit have a circuit breaker where it says we're going to

pause other functions of the contract should we go over those limits within a given time period and so that's that's the difference is like rate limits just like says hey you can only take this action up to a certain volume within a certain period of time circuit breakers say if you exceed those limits on the rate limits we actually pause other functionality as well and the very uh

I think, nuanced thing here because we spent a lot of time looking at this a few years ago and trying to come up with more of a universal circuit breaker system that could be used.

You can actually make problems worse in some cases by having a circuit breaker because you can have parties try to maliciously trigger the circuit breaker.