Aave Pauses New tBTC Deposits and Collateralized Borrowing; Existing Positions Unaffected

According to TechFlow, on October 31, Aave stated in an official announcement that, given Threshold Network has preemptively paused tBTC minting and redemption services, the platform has restricted users from making new tBTC deposits and initiating new borrowings with tBTC as collateral.

Aave emphasized that the protocol contracts are unaffected, existing user positions remain unchanged, and users can continue to repay loans and withdraw assets as usual. Once Threshold completes security maintenance, Aave will restore the related new deposit and borrowing functions.

Previously, Threshold said that, due to security maintenance, it has temporarily paused new BTC deposits, tBTC minting, and new Bitcoin redemption requests through the Threshold app.

Source: TechFlow