Aave considers dropping DAI as collateral over contagion concerns from MakerDAO’s USDe move
Marc Zeller, the founder of the Aavechan Initiative, has proposed to the decentralized autonomous organization (DAO) overseeing Aave to remove DAI stablecoin’s collateral status within the protocol’s lending ecosystem. This move comes in response to MakerDAO’s proposal to allocate 600 million DAI into the fast-rising synthetic dollar USDe and staked USDe (sUSDe) through the DeFi...