The Aave community has voted to approve the ARFC proposal to abandon small-cap stablecoins on the Ethereum network on V2

PSnapshot page shows that the Aave community has voted to pass the ARFC proposal to "abandon low-market stablecoins" on the Aave V2 Ethereum network. The proposal author will submit an Aave Improvement Proposal (AIP) to implement the suggested updates. The proposal suggests phasing out USDP, GUSD, LUSD, FRAX, and sUSD on Aave V2. The proposal notes that recent events have highlighted the need for Aave to reduce its V2 exposure to less-used stablecoins, many of which have limited liquidity, allowing for price manipulation and other potential harmful events. Previously, the community followed a two-phase process to abandon stablecoins, using BUSD and TUSD as examples. It is worth noting that the stablecoins mentioned above are not collateral assets, which reduces the complexity of the process.