Claiming to be ready for institutions means nothing without facts to back it up. ► Aave is secured by 5 independent layers of protection: 1️⃣ @AaveChan / @chaos_labs / @LlamaRisk / Aave Labs the team proposing an update on the governance forum 2️⃣ @bgdlabs to review the code and maintain the protocol infrastructure 3️⃣ @CertoraInc continuous security service for smart contract auditing 4️⃣ Guardian Role: community-elected and able to act quickly if needed, for example by pausing markets, with their mandate renewed periodically through governance. 5️⃣ Umbrella Coverage to automatically protect the protocol against bad debt: unlike others that socialize bad debt among users, Aave has a dedicated module for this, backed by capital from users who accept the risk of being slashed. On top of that, Aave adopted the SEAL Safe Harbor Agreement, which monitors users' positions and allows whitehats to intervene during active exploits to recover funds, with clear legal protection and a predefined rescue process. There's also Aave Seatbelt, a tool that forks mainnet to simulate the execution of governance proposals and generates a report with all state changes, triggered events, and a human-readable summary of the impact. This process ensures that every AIP passes through multiple checkpoints before execution, minimizing the chances of critical failure. Each layer covers for potential gaps in others, creating a strong and resilient defense that significantly reduces the chances of failure. This stands in stark contrast to Morpho, which relies on a single layer of protection, risk curators, while Aave is secured by 5 independent layers. One mistake, and there is nothing left to absorb the impact. That’s what makes Aave the safest and largest dApp, representing a significant share of all DeFi. It shows an unparalleled and relentless focus on the safety of users' funds.
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