The Aave community has voted to approve the ARFC proposal to abandon small-cap stablecoins on the Ethereum network on V2

Bitget App

Trade smarter

Cointime2024/05/07 04:37

By:Cointime

PSnapshot page shows that the Aave community has voted to pass the ARFC proposal to "abandon low-market stablecoins" on the Aave V2 Ethereum network. The proposal author will submit an Aave Improvement Proposal (AIP) to implement the suggested updates. The proposal suggests phasing out USDP, GUSD, LUSD, FRAX, and sUSD on Aave V2. The proposal notes that recent events have highlighted the need for Aave to reduce its V2 exposure to less-used stablecoins, many of which have limited liquidity, allowing for price manipulation and other potential harmful events. Previously, the community followed a two-phase process to abandon stablecoins, using BUSD and TUSD as examples. It is worth noting that the stablecoins mentioned above are not collateral assets, which reduces the complexity of the process.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Burwick Law and Wolf Popper issued a cease and desist letter to Pump.fun, demanding the removal of over 200 meme coins allegedly infringing on their intellectual property. The firms claim that Pump.fun allowed the creation of meme tokens spoofing their brands as retaliation for a class-action lawsuit filed against the platform on Jan. 30. Despite mounting legal challenges, Pump.fun continues to see record-breaking trade volumes largely driven by Trump-related meme coins.

Cryptopolitan•2025/02/06 14:00

US Bank reports $24 million holdings in Bitcoin ETFs in latest SEC filing

Share link:In this post: US Bank reported $24 million holdings in Bitcoin ETFs in its latest SEC filing, an increase of $10 million since its last filing. Goldman Sachs announced it held Bitcoin ETFs of over $400 million across different funds last year. US-listed spot Ethereum ETFs recorded increased inflows amid the overall market dip.

Cryptopolitan•2025/02/06 14:00