- Aave protocol integrates TRM’s API to make the platform safe and secure.
- The team wrote about this in a series of Tweets posted in the wake of the TC DAO shutdown.
- The API screens and blocks wallets interacted with TC contracts post-sanction.
Aave liquidity protocol highlights its safe and secure features for its users, in the wake of the Tornado Cash DAO shutdown. The Aave team announced the integration of the application programming interface (API) on the platform’s InterPlanetary File System (IPFS) frontend. The API is provided by TRM Labs, a blockchain intelligence company.
1/8 The Aave team’s top priority is building a safe & secure system for users. We integrated TRM’s API on the Aave IPFS frontend, which is why some users may be experiencing trouble accessing the Aave app, one of the frontends to the Aave Protocol.
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— Aave (@AaveAave) August 13, 2022
In a series of Twitter posts, the Aave team declared a set of processes on how the TRM’s API work on Aave platform. In detail, after the sanction decision on Tornado Cash (TC) by the Office of Foreign Assets Control (OFAC), the Aave team combined the API, which screens for and blocks addresses that have interacted with the TC contracts post-sanction.
The API risk parameters identify all wallets that have interacted with TC contracts post-sanctions. These wallets are also called “dusted”self-custodial wallets. However, integration has made the users face trouble accessing the protocol.
Furthermore, the Aave team went on to tweet that they have been conscious of API’s incorrect calls about “which wallets should be included in block lists”. This includes wallets that were sent “dusted” ETH by third parties interacting with Tornado Cash contracts, without any consent.
Notably, the Aave team remarked that they mitigated the issue by addressing it and further continue to evaluate responsible and reasonable risk mitigation.
The Aave Protocol is and remains decentralized and governed by the DAO. We encourage the community to remain engaged and actively fight for equitable finance.