The decentralized finance (DeFi) ecosystem is grappling with the fallout from a reported $50 million swap disaster involving major protocols Aave and CoW Swap, as both entities recently published their respective post-mortems to clarify the incident’s complex chain of events and provide their perspectives on what transpired.
Understanding the DeFi Landscape
Aave is a prominent decentralized lending protocol, while CoW Swap operates as a decentralized exchange aggregator, optimizing trades and offering protection against Maximal Extractable Value (MEV) through its network of
