A trader on the Aave platform exchanged 50.4 million USDT for AAVE tokens worth only $36,000, losing nearly $50 million due to catastrophic slippage caused by insufficient liquidity. Aave founder Stani Kulechov stated that despite receiving warnings, the user confirmed the transaction, and the protocol will refund the $600,000 fee collected from this trade.

AAVE5.31%

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