# Freeze agEUR on Aave v3 Polygon
AI summary
This proposal suggests temporarily freezing agEUR, a Euro-pegged stablecoin, on Aave v3 Polygon. The action is a precautionary measure following an exploit on Midas Protocol, which slightly impacted agEUR's collateralization. Freezing means that users will not be able to deposit or borrow agEUR on Aave v3 Polygon, but existing positions will remain open.
If passed, users will be unable to open new agEUR positions or add to existing ones on Aave v3 Polygon, potentially reducing liquidity for agEUR holders on that platform. This aims to protect Aave users from potential risks associated with agEUR's collateralization, but it might inconvenience those who rely on agEUR for lending or borrowing on Aave Polygon.
Voting results
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Freeze agEUR on Aave v3 Polygon
FREEZE-AGEUR-V3-POLYGON
Author(s): BGD Labs (@bgd-labs)
Simple Summary
Following the exploit on Midas Protocol, slightly affecting the collateralization of agEUR, this proposal temporarily freezes agEUR.
Motivation
Even if agEUR collateralization doesn't seem threatened by the loss on Midas protocol exploit, it is important for the community to decide if a freezing should be executed, for caution.
Specification
This is a cross-chain governance proposal for Aave v3 Polygon.
The proposal payload simply executes setReserveFreeze() on the…