PANews reported on May 15 that the AAVE community governance proposal to make PEPE a supported asset on the Aave platform was approved with 76.76% support. The proposal recommends introducing PEPE as collateral for an isolated market in Aave V3, aimed at expanding the user base, stimulating the rise of the GHO stablecoin, and increasing protocol liquidation revenues. Going forward, risk parameters will be set by the risk service and will go through the ARFC and AIP processes.
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PANews reported on May 15 that the AAVE community governance proposal to make PEPE a supported asset on the Aave platform was approved with 76.76% support. The proposal recommends introducing PEPE as collateral for an isolated market in Aave V3, aimed at expanding the user base, stimulating the rise of the GHO stablecoin, and increasing protocol liquidation revenues. Going forward, risk parameters will be set by the risk service and will go through the ARFC and AIP processes.