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Aave to recover lost token assets worth over $500 for its users

March 10, 2023
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The Aave community of the lending protocol launched the long-term executor voting proposal for the first phase of the rescue mission to restore the Tokens sent to the wrong address by community members. The range of users includes: users who send AAVE, LEND, USDT and UNI to the AAVE Token contract, users who send LEND to the LEND contract, users who send LEND to the Lend To Aave Migrator contract, users who send AAVE and stkAAVE to the stkAAVE contract.

The LEND sent to the designated contract will be returned with AAVE Token, which will be exchanged at the exchange rate of 1AAVE=100LEND. According to the proposal data, about 2.18 million US dollars of tokens will be restored, including LEND, AAVE, UNI, USDT, stkAAVE, etc., of which more than 29,188 AAVEs and 107 pledged AAVE Tokens are worth about 2.16 million US dollars. Additionally, the proposal only restores tokens worth more than $500.

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