# \[ARFC\] Freeze BUSD on Aave V2 **URL:** \ **Category:** Governance\ **Created:** [February 13, 2023, 9:11am UTC](https://governance.aave.com/t/arfc-freeze-busd-on-aave-v2/11842 "2023-02-13T09:11:46Z")\ **Posts on this page:** 1\ **Showing post:** 6
**Author:** ![MarcZeller](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/marczeller/32/7124_2.png) [@MarcZeller](https://governance.aave.com/u/MarcZeller)\ **Post date:** [February 14, 2023, 8:22am UTC](https://governance.aave.com/t/arfc-freeze-busd-on-aave-v2/11842/6 "2023-02-14T08:22:59Z")
> [@MarcZeller](#): > > Paxos will stop minting BUSD from April 2023 and will only allow redemption for their underlying value by burning BUSD. Update: the information on the ARFC is incorrect and based on early information that was proven wrong. Paxos from [direct source](https://twitter.com/PaxosGlobal/status/1625091554951004161?s=20) will cease minting activity on BUSD from the 21st of Feb instead of April. While I still don’t think there’s a direct risk for the Aave protocol, if governance agrees, the ACI suggests escalating this proposal to the snapshot stage tomorrow with a direct open voting, and an aim to publish an AIP if the snapshot outcome is YAE during the weekend. This accelerated process would allow, assuming good sync, a potential execution of the freezeReserve() on Feb 23rd, two days after the minting cessation. Another option is going to the AIP stage without a snapshot vote, that option would potentially freeze BUSD in sync/before the minting stop by Paxos, but we have to share that as the protocol is not, particularly at risk, we’re not very keen to create precedence. So 3 options: 1. keep the standard process: execution if governance outcome is yes and good sync ETA for execution on Feb 26th 2. Direct to snapshot: ETA for Feb 23rd 3. direct to AIP: ETA for Feb 19th (two days before minting stop) The ACI is neutral on these options and will follow governance feedback, _Poll ([view on site](https://governance.aave.com/t/arfc-freeze-busd-on-aave-v2/11842/6))_ --- _[View the full topic](https://governance.aave.com/t/arfc-freeze-busd-on-aave-v2/11842)._