Gate News: On March 13, CoW DAO responded to an incident where a whale lost approximately $50.39 million due to slippage when exchanging aEthAAVE. CoW DAO stated that no decentralized exchange (DEX), DEX aggregator, public liquidity pool, or private liquidity pool (or their combinations) could execute this trade at a near-fair price. The team pointed out that preventing users from trading would deprive them of their choice and could lead to extremely bad outcomes in certain situations (such as market crashes). CoW DAO believes that such trades indicate that DeFi user experience still falls short of protecting all users. Currently, the team is exploring how to balance strong security measures with maintaining user autonomy and has committed to refund any fees paid to CoW DAO for this transaction.
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