
Zach Rynes | CLG|Oct 20, 2025 20:48
A common view about the Oct 10 market crash is that had Aave not hardcoded $USDe's price to USDT and used a regular price oracle, DeFi would have been rekt
In reality, Chainlink's $USDe Price Feed closely tracked the market-wide price of $USDe, which filtered the depeg from Binance and more closely followed the redemption value and onchain markets
Hardcoding USDe pricing to USDT was the prudent for Aave to make, and while there are improvements to be made (i.e., using CRE + LllamaGuard, similar to Horizon market), I think people largely over-exaggerated the counterfactual(Zach Rynes | CLG)
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