Backlash
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246 is now launching in private beta! We’re excited to witness the first-ever lending restaking market built on Aave. And what better way to showcase alignment between @aave and @246_club than by featuring GHO as one of the three initial markets—specifically, [aUSDC]GHO. Expect TokenLogic and the 246 Club to cook up some awesome stuff for GHO users—stay tuned!













10/ Even if bad debt accumulates on Aave, liquidation on our position on Aave will not occur unless Aave’s bad debt reaches a level where the entire borrowed amount turns into bad debt. Thanks to optimistic accounting (where bad debt isn’t immediately realized as aUSDC), the position isn’t liquidated instantly. In addition, upcoming Umbrella will add another layer of protection against this risk.



