On September 17, Snapshot showed that Convex Finance initiated a proposal to significantly reduce PYUSD holdings. The proposal stated that Frax held a large amount of PYUSD in assets, but the interest was very small. Frax should diversify away from low-interest assets, so it is recommended to reduce the Curve FRAX/PYUSD of more than two million dollars to a maximum of 500,000 dollars.
The current proposal has a 99.51% opposition rate and will end on September 20.
ConvexFinance Launches Proposal to Slash Positions in PYUSD, Community Majority Opposes
2024-09-17 11:16:45
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ConvexFinance发起关于大幅削减PYUSD持仓量的提案，社区多数反对
