Try Quests to earn cryptoWhat's Going on with BUSD in AAVE Protocol ?
Following the recent developments between Paxos (minter of BUSD) and the SEC, Paxos will stop minting BUSD from April 2023 and will only allow redemption for their underlying value by burning BUSD. The circulating supply of BUSD will thus trend toward zero over time. This ARFC presents the Aave governance with the opportunity to freeze BUSD reserve on the Aave V2 Ethereum market.