1/ The Aave slippage incident is worth looking at closely.
The interface warned the user. The user confirmed. $49.85M gone to slippage and fees.
The warning was correct. It just couldn't stop anything.
🧵
Stani.eth
@StaniKulechov
03-13
Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface.
Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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