No wonder PEPE is so spicy. When the market moves, I specifically went to the chain and Twitter to take a look. Here is the content of the news:
The largest OG DeFi protocol in the Ethereum ecosystem, AAVE community, passed a governance vote to approve adding $Pepe to the AAVE ecosystem as an independent collateral asset for lending and borrowing.
In just 3 days, the voting passed with a rate of 76.76%. The proposal initiator, XG177, disclosed that he holds $20 million worth of $AAVE tokens, but he is not a holder of Pepe.
The reason this proposal was approved in AAVE governance is that introducing Pepe as a collateral asset can attract millions of Pepe holders as depositors and borrowers, bringing more income to the AAVE protocol and enriching users' asset choices.
There are not many assets supported by AAVE, and Pepe is the only meme coin. This also represents the Ethereum community's recognition of $Pepe as a core asset.
The old cat is responsible for sharing information and does not represent any investment advice. Please operate with caution.
