The integration of PYUSD from PayPal into the pools of the Aave DeFi platform has received overwhelming support from 99.99% of participating voters.
The required quorum for the decision has been reached. Voting for the initiative began on December 18 and will conclude on January 11 at 8-21 UTC.
This proposal was made following decentralized exchange Curve’s decision in December to list PYUSD.
The founder of the proposal, Trident15, stated that this integration will create synergies and strengthen the partnership between PYUSD and Aave’s decentralized multi-collateral stablecoin, GHO.
Their objective is to maintain profitability at a high level, which will also generate natural demand for PYUSD loans on AAVE. If approved, Trident 15 plans to provide $5-10 million of liquidity to the pool.
