0 replies, 1503 views, 1 likes
The discussion centered on TrueUSD's proposal to increase the stkAAVE distribution for the TUSD market on the AAVE V2 platform from 8.05 to 13.42 per day, following significant growth in the TUSD market. The aim is to attract more TUSD-holders to participate in the AAVE market and governance, strengthening the TUSD-AAVE bond, with the outcome of the proposal still pending.
The discussion primarily revolved around a proposal put forth by TrueUSD to increase the stkAAVE distribution for the TUSD market on the AAVE V2 platform. The proposed increase is from 8.05 to 13.42 per day [post 1]. This suggestion comes in light of the significant growth observed in the TUSD market on AAVE. The total supply of TUSD has seen an increase of 87.27%, reaching 156.17M since the last ARC [post 1].
The TUSD supply now represents 0.87% of the total AAVE V2 market liquidity, marking a 67% increase from the previous ARC [post 1]. The primary objective of this proposed update is to attract more TUSD-holders, including whales, to participate in the AAVE market and its governance. This is expected to strengthen the bond between TUSD and AAVE [post 1]. The distribution of the increased stkAAVE rewards, if approved, will follow the same 33.33%/66.66% lenders/borrowers distribution as DAI, USDC, and USDT [post 1].
In conclusion, the discussion focused on the potential benefits of increasing the stkAAVE distribution for the TUSD market on the AAVE V2 platform. The proposal aims to incentivize more participation in the AAVE market and its governance, particularly from TUSD-holders. The outcome of this proposal is yet to be determined.
Posted 2 years ago
Last reply 2 years ago
Summary updated 2 months ago
Last updated 06/12 00:43