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A user incurred losses exceeding $50 million due to slippage on AAVE purchase

A user incurred losses exceeding $50 million due to slippage on AAVE purchase

2026-03-13 08:14

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ChainThink report, on March 13, a user @kingfxyo executed a swap via CoWSwap to convert approximately $50.43 million worth of aEthUSDT into AAVE, but due to a slippage exceeding 99%, only about 327 aEthAAVE tokens were received, valued at roughly $36,000. Community analysis suggests this swap was likely performed through AAVE's UI using the collateral exchange feature, effectively depositing both USDT and AAVE into the AAVE protocol. The primary issue is attributed to the suboptimal routing strategies adopted by most aggregators; CoWSwap appears not to have misrepresented the price of aEthAAVE.

#DeFi

Disclaimer: Contains third-party opinions, does not constitute financial advice

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