{"id":562100,"date":"2023-03-10T23:00:00","date_gmt":"2023-03-10T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/aave-dao-votes-for-rescue-plan-to-save-lost-tokens\/"},"modified":"2023-03-10T23:00:00","modified_gmt":"2023-03-10T20:00:00","slug":"aave-dao-votes-for-rescue-plan-to-save-lost-tokens","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/aave-dao-votes-for-rescue-plan-to-save-lost-tokens\/","title":{"rendered":"# AAVE DAO votes for &#8216;rescue plan&#8217; to save lost tokens"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28a88766afa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28a88766afa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/aave-dao-votes-for-rescue-plan-to-save-lost-tokens\/#%E2%80%9D_AAVE_DAO_votes_for_%E2%80%98rescue_plan_to_save_lost_tokens_%E2%80%9C\" >&#8221; AAVE DAO votes for &#8216;rescue plan&#8217; to save lost tokens &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_AAVE_DAO_votes_for_%E2%80%98rescue_plan_to_save_lost_tokens_%E2%80%9C\"><\/span>&#8221; AAVE DAO votes for &#8216;rescue plan&#8217; to save lost tokens &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvOGMyN2I1ZjItODY4My00OWUxLWFmMWItMDg5NDNhMGY5NGU3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Some AAVE users who accidentally sent tokens to the wrong address may soon be able to recover them, according to the text of a proposal passed by the AAVE decentralized autonomous organization (DAO) on March 10. The proposal, called \u201cRescue Mission Phase 1 Long Executor,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.aave.com\/governance\/proposal\/?proposalId=166\">authorized<\/a>\u00a0AAVE developers to upgrade smart contracts that have been mistakenly sent tokens in the past, causing the contracts to automatically send the lost tokens back to their original owners.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Here&#8217;s your chance to join the rescue mission. Vote now <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JJr6qhTKAv\">https:\/\/t.co\/JJr6qhTKAv<\/a><\/p>\n<p>\u2014 Aave (@AaveAave) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AaveAave\/status\/1633126370166575104?ref_src=twsrc%5Etfw\">March 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The confirmed proposal only affects lost AAVE, LEND, Tether (USDT), Uniswap (UNI) and staked AAVE (stkAAVE) tokens that were mistakenly sent to the AAVE token contract, the\u00a0LEND token contract, the\u00a0LendtoAaveMigrator, or the\u00a0stAAVE token contract.<\/p>\n<p>It further authorized the team to initialize a new implementation for these contracts. The Aave DAO said that during the initialization, the lost tokens will be sent automatically to a separate AaveMerkleDistributor contract, where they will afterwards be sent to the owners.<\/p>\n<p>The proposal\u2019s text emphasizes that these tokens will only be transferred during the contracts\u2019 initialization phase, stating: \u201cTo be as less invasive as possible, these new implementations only include that extra logic on their initialize() function, with everything else remaining the same.\u201d This seems to imply that only tokens lost in the past will be recoverable. Future tokens mistakenly sent to these addresses may be permanently lost unless a new proposal is passed in the future.<\/p>\n<p><strong>Related: <\/strong><strong>Stablecoin adoption could lead to DeFi growth, says AAVE founder<\/strong><\/p>\n<p>Losing tokens by mistakenly transferring them to a token contract is a common problem in the crypto community. ChainSafe developer Muhammad Altabba has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/@maltabba\/hundreds-of-millions-of-dollars-locked-at-ethereum-0x0-address-and-smart-contracts-addresses-how-4144dbe3458a\">estimated<\/a> that hundreds of millions of dollars worth of tokens and Ether (ETH) are locked in the Ethereum null address (0x0) and token contracts. One Ethereum user lost over $500 thousand worth of wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed ETH (wETH) by transferring it to the wETH token contract instead of calling its \u201cunwrap\u201d function as they intended to do.<\/p>\n<p>If a contract cannot be upgraded, tokens lost in this way are usually impossible to recover.<\/p>\n<p>By their nature, crypto transfers are supposed to be immutable. So even if mistaken transfers can be reversed, attempts to do so are sometimes controversial. In 2016, The DAO, an early version of today\u2019s DAOs, was exploited for $60 million worth of ETH, which the investors in the DAO presumably did not intend to happen. The majority of Ethereum validators implemented a hard fork to reverse the exploit transaction, but some validators rejected this move, creating Ethereum Classic in the process.<\/p>\n<p>The AAVE DAO vote to rescue lost tokens passed was not nearly as controversial. It passed with more than 99.9% of the vote. Only 1 user voted against the proposal, using a single AAVE token to do so.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/aave-dao-votes-for-rescue-plan-to-save-lost-tokens\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; AAVE DAO votes for &#8216;rescue plan&#8217; to save lost tokens &#8220; Some AAVE users who accidentally sent tokens to the wrong address may soon be able to recover them, according to the text of a proposal passed by the AAVE decentralized autonomous organization (DAO) on March 10. The proposal, called \u201cRescue Mission Phase 1&#8230;<\/p>\n","protected":false},"author":1,"featured_media":562101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/8c27b5f2-8683-49e1-af1b-08943a0f94e7.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[92664,74868,74891,75434,74892],"class_list":["post-562100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aave","tag-defi","tag-ethereum","tag-smart-contracts","tag-tokens"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/562100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=562100"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/562100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/562101"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=562100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=562100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=562100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}