A User Buys AAVE, Suffers Over $50 Million Slippage Loss

BlockBeats News, March 13, user @kingfxyo swapped approximately $50.43 million worth of aEthUSDT for AAVE via CoWSwap, experiencing a slippage of over 99% and receiving only about 327 aEthAAVE worth around $36,000. Community analysis indicates that this swap likely utilized AAVE's UI for collateral swapping, converting aEthUSDT to aEthAAVE, representing depositing USDT and AAVE into the AAVE protocol. The issue was primarily attributed to the poor routing strategy employed by most aggregators, as CoWSwap apparently did not reflect the true price of aEthAAVE.