Authors: Vanillal#2222
Date Created: 31/08/2023
Date Posted: 31/08/2023
SUMMARY
Bolide will stop supporting BUSD stablecoin in its vaults starting from October 2023. Users can withdraw their BUSD till the end of September 2023. This is related with Paxos Trust, BUSD’s issuer and operator decision to stop BUSD redemption.
MISSION & VALUES ALIGNMENT
Our proposal is rooted in our core mission, which focuses on prioritizing the speed and security of profit generation through crypto assets.
SCOPE OF WORK
Scope of work to include but not necessarily limited to the following:
• Stop supporting BUSD stablecoin
FINANCIAL IMPLICATIONS
NA
POLL
Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above.
No – If this proposal is rejected, it will go back for further discussion to align on the required changes before the updated proposal is re-sent for review.