Proposal: Delisting BUSD

Authors: Vanillal#2222 Date Created: 31/08/2023 Date Posted: 31/08/2023

SUMMARY

Bolide will stop supporting BUSD stablecoin in its vaults starting in 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.