LlamaRisk’s plan to freeze three tokens on Aave V3 Core targets assets that had $538.6 million in collateral and $364.1 million in outstanding debt on Nov. 9.
$256.6 million in WETH debt was linked to osETH, against collateral worth $279.4 million, the largest position among the three proposed freezes. In LlamaRisk’s Nov. 10 package, osETH is identified as StakeWise’s staked Ether (ETH) token; the other two assets are LBTC, Lombard’s yield-bearing Bitcoin (BTC) token, and rETH, Rocket Pool’s liquid staking token, with six smaller reserves also included.
On Nov. 11, a post on Aave’s governance forum called for osETH to receive a separate vote; its author signed as StakeWise’s founder.
Threshold Network’s Bitcoin (BTC) token tBTC and Kelp DAO’s restaked Ether (ETH) token rsETH also appear in the plan; Aave V3 Core had already frozen both.
The proposed settings would leave current users’ positions open while rejecting further deposits of the affected tokens. A zero loan-to-value ratio would also remove each token’s capacity to support new borrowing.
Aave’s governance forum still showed discussion of the plan on Nov. 11; a Snapshot vote had not appeared by then.
