Morning Edition · Monday, September 7, 2026Published at 1:46 AM EDT · New York

Aave Votes to Give Risk Stewards Powers That Can Freeze Markets but Not Restart Them

The emergency functions cannot even be called by the current software release, so the vote assigns authority now for a version that does not yet exist.

Aave, the largest decentralized lending protocol, put a proposal to its token holders that would hand constrained emergency authority over its V4 markets on Ethereum and Avalanche to Risk Stewards, a set of approved operators who can make b…