LBS Blockchain Society Delegate Platform

[ARFC] USDT Risk Parameters Update Aave V3 ETH Pool

Vote Result: YES

Rationale

USDT has been resilient over the years and has maintained its peg, and adding it as collateral will help increase revenue for Aave. A point to note is that there are still concerns over centralisation and counterparty risk from enabling USDT to be used as collateral. However, voting against adding USDT due to centralisation risks would also throw a spotlight on USDC and DAI since those assets have centralisation risks too. Given that USDT has proven itself as a large stablecoin, we will vote YES in favour of adding it as collateral.

Note: Our Snapshot vote did not go through due to technical issues.