Reading time saved: 1 minutes
3 replies, 1436 views, 1 likes
The Aave V2 Ethereum market is considering a plan proposed by MarcZeller to reduce BUSD liquidity and encourage users to switch to other stablecoins, with changes including a reduction in uOptimal from 20% to 2% and an increase in slope 2 from 200% to 300%. The proposal, AIP-237, has passed the snapshot stage and is now up for voting, marking a significant step towards implementing the offboarding plan.
The discussion primarily revolved around the second part of the BUSD offboarding plan proposed by MarcZeller for the Aave V2 Ethereum market. The objective of this plan is to diminish the liquidity in BUSD and motivate users to transition to other stablecoins. This would be achieved by altering the BUSD risk parameters and withdrawing POL BUSD liquidity. The plan is set to be executed in a single AIP, with parameters such as a reduction in uOptimal from 20% to 2% and an escalation in slope 2 from 200% to 300%.
The proposal has successfully navigated past the snapshot stage and is now prepared for publication. The community has shown a positive response to the proposal, with AIP-237 now published and voting set to commence shortly. This indicates a significant step towards the implementation of the offboarding plan, which is expected to have a substantial impact on the Aave V2 Ethereum market. The community eagerly awaits the results of the vote, which will determine the future course of action regarding the BUSD offboarding plan.
Posted 7 months ago
Last reply 6 months ago
Summary updated 2 months ago
Last updated 06/12 00:43