The Aave community has voted to approve the ARFC proposal to "deprecate the V2 AMM market."

2023-04-29 13:26:34

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According to ChainCatcher news, the voting on the ARFC proposal regarding the "deprecation of the Aave V2 AMM market" by the Aave community has ended on the Snapshot voting page, and it has passed with a support rate of 99.99%.

The proposal states that considering the low usage of the AMM V2 market, and that the only non-frozen assets are the main assets available on V2 ETH and V3 ETH (DAI, USDC, USDT, WBTC, ETH), it is recommended to deprecate the AMM V2 market. The liquidation threshold for all V2 LP tokens will be set to zero, and all other assets will be frozen, with frozen assets not liquidating positions.

It is reported that there are currently about $150,000 in LP token deposits in the Aave V2 AMM market. Next, the proposal will enter the AIP proposal stage, allowing sufficient notice time for users to adjust their positions as needed. (Source link)

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