According to Foresight News, Aave has initiated a community proposal for its version 2 (v2) on Ethereum to abandon USDP, GUSD, LUSD, FRAX, and sUSD.

The plan also suggests an increase in the annual interest rate for borrowers to encourage loan repayments. This move is part of Aave’s strategy to streamline its operations and focus on larger, more stable cryptocurrencies.