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Ethereum World News
2023-03-09 17:52:17

Aave DAO Votes To Offboard BUSD From V2 Lending Market

Aave DAO Votes To Offboard BUSD From V2 Lending Market

Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive support from the Aave community. The action plan aims to “reduce the amount of liquidity in BUSD” and incentivize users to leverage other stablecoin tokens on Aave. Zeller’s submitted the Aave Improvement Proposal (AIP) shortly after federal and state regulators cracked down on stablecoin issuer Paxos. A proposal to offboard Binance USD (BUSD) from Aave’s V2 market on Ethereum received

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