Aave Community Ignites Controversial “BUSD Delisting” Vote, Sparks Heated Debate
The Aave community has voted in favor of ARFC’s “BUSD delisting plan,” which proposes an exit strategy for BUSD on the Ethereum Aave V2 market. The proposal aims to decrease the liquidity of BUSD and encourage users to switch to other stablecoins. The community received 99.99% of the votes in favor of the plan, which includes modifying BUSD’s risk .
The voting will close on March 9, at which point the plan will be put into action. It’s worth noting that the proposal’s disclaimer states that Aave-Chan Initiative founder Marc Zeller does not hold any BUSD. While the proposal may have a significant impact on the liquidity of BUSD, it’s unclear what the long-term effects will be. Some analysts believe that BUSD’s delisting could lead to a decrease in its value relative to other stablecoins, while others argue that it could ultimately increase the stability of the Aave platform. Earlier in February, the Aave community voted in favor of another proposal to “freeze BUSD reserves on Aave V2.”
Source
https://t.me/Bitcoin_Crypto_Coin_Calendar
