LBS Blockchain Society Delegate Platform

[ARFC] BUSD Offboarding Plan

Vote Result: YES

Rationale

There is no need to have BUSD on Ethereum v2 and offboarding it is the best strategy. Moreover, since current borrowers do not bear much of a cost, it is important to expediently reduce the possibility of reaching 100% utilisation and increasing the cost to borrowers. A consideration is that the likelihood of reaching 100% utilisation when Paxos has stopped minting BUSD is pretty low, and the cost to current borrowers is likely to stay consistent over time. However, it is better to offboard BUSD imminently rather than waiting. Therefore, we will vote YES in favour of this proposal.