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Aave Community Voted on “BUSD Off-Shelf Plan” with Overwhelming Majority

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On March 8, the Aave community\’s ARFC proposal on \”BUSD Off-shelf Plan\” has been voted (ARFC proposal is usually considered as \”temperature check\”), and has re…

Aave Community Voted on BUSD Off-Shelf Plan with Overwhelming Majority

On March 8, the Aave community’s ARFC proposal on “BUSD Off-shelf Plan” has been voted (ARFC proposal is usually considered as “temperature check”), and has received 99.99% affirmative votes. The proposal outlines the final exit plan of BUSD in the Aave V2 Ethereum market, which aims to reduce the liquidity of BUSD and encourage users to turn to other stable currencies. This plan involves modifying the BUSD risk parameters and will be implemented in a single AIP.

The vote on the ARFC proposal of the Aave community on the “BUSD Off-shelf Plan” has been opened

Analysis based on this information:


The Aave community’s ARFC proposal on “BUSD Off-Shelf Plan” has received a staggering 99.99% affirmative votes on March 8. The proposal presents the final exit plan for BUSD in the Aave V2 Ethereum market. It aims to reduce the BUSD liquidity and encourage users to turn to other stable currencies. The plan involves modifying the BUSD risk parameters and will be implemented in a single AIP.

The message implies that the Aave community is focusing on diversifying its stable currency ecosystem by reducing the dominance of BUSD. Aave users will have to switch from BUSD to other stable coins, which would not only reduce the dependency on BUSD but also provide diversity and enhance resilience.

The high percentage of affirmative votes indicates that the Aave community is on the same page with this plan. The reason behind this overwhelming support could be the Aave community’s appreciation for stable currencies diversity and the need for less risky assets within the protocol.

The proposed plan will also impact the BUSD holders by decreasing their liquidity. Hence, they will have to rely on other stable currencies for trading within the Aave V2 Ethereum market.

The Aave community’s decision to implement the plan through a single AIP will allow for a faster and more streamlined approach to enhance the protocol’s overall resilience. The implementation of the proposed AIP might also provide a benchmark for other DeFi protocols to consider the significance of diversified stable currency ecosystems.

In conclusion, the Aave community’s “BUSD Off-Shelf Plan” is a vital step towards diversifying the stable currency ecosystem. The overwhelming support from the community shows the importance of this initiative. By reducing the BUSD liquidity and modifying its risk parameters, the Aave ecosystem will become more resilient and less dependent on a single stable currency.

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