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Poolz Finance Poolz Finance by0x21AC63f410004fCd1e0d865D863DD0F7972f65A30x21AC…65A3

Proposal: Transition from BUSD to USDT

Voting ended over 2 years agoSucceeded

I wish to address a notable update from Binance concerning BUSD. Binance has advised its users to convert BUSD to other stablecoins before February 2024 due to impending changes.

In response to this development, I suggesting a transition from BUSD to USDT (on the BNB Chain) as the primary token for activities related to project launches on the Poolz platform.

Reasons for the Proposal:

Binance's Recommendation: In consideration of Binance's guidance to switch from BUSD, Looks like it's essential to ensure seamless operations on Poolz Finance platform. Adopting USDT as the native token will help prevent potential disruptions stemming from the forthcoming adjustments in the BUSD ecosystem.

User Convenience: USDT is widely recognized and used across the crypto community.

Technical Implementation: Poolz technical team is well-equipped to seamlessly integrate USDT into the Poolz Finance platform.

Token Contract on the BNB Chain: https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955

In conclusion, as a dedicated member of the Poolz community, I believe this change is minor yet impactful, ensuring stability for users and project launches. I urge the council's support for this proposal's implementation.

Off-Chain Vote

Approve USDT
165.79K POOLX96.8%
Reject
0 POOLX0%
Other Stables (USDC etc')
5.42K POOLX3.2%
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Timeline

Aug 31, 2023Proposal created
Aug 31, 2023Proposal vote started
Sep 03, 2023Proposal vote ended
Oct 26, 2023Proposal updated