The Aave team announced via Twitter on Saturday that its users are experiencing trouble accessing the Aave app. This is a result of the team integrating TRM’s API on the Aave IPFS frontend. The TRM API risk parameters identify all wallets that have interacted with Tornado Cash contracts post-sanctions, even so-called “dusted” self-custodial wallets. These wallet holders may experience issues accessing the Aave IPFS frontend.
After OFAC’s sanctions decision on Tornado Cash, the team integrated TRM’s API, which screens for and blocks addresses that have interacted with the TC contracts post-sanction. This integration was both critical and urgent, the team added.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $108.9 per token, down by more than 1 % in the last 24 hours.