Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin

by Jeremy

Members of Aave’s decentralized autonomous group (DAO) voted overwhelmingly in favor of a proposal to dramatically enhance the price of borrowing BUSD, whereas lowering the income accrued by its lenders, in line with its writer, Marc Zeller. These actions are meant to disincentivize use of BUSD.

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