The world is a huge circus🤡, known as the most expensive 'confirm button' in the history of DeFi.

An anonymous whale wanted to exchange 50.43 million USD of USDT for AAVE on the Aave interface.

Due to insufficient trading depth for AAVE, this massive buy order directly crashed the market, with slippage exceeding 99%. In the end, he only exchanged for AAVE worth about 36,000 USD, which means he instantly lost tens of millions.

However, the Aave team responded quickly, with the founder promising to refund the victims about 600,000 USD in fees, and committing to improve the UI/UX design and set stricter slippage limits to avoid similar incidents from happening again.

But what about the remaining losses? After all, the cost of such 'slips' is really too high.