Yesterday, the AAVE community, the largest OG DeFi protocol in the Ethereum ecosystem, passed a governance vote approving the addition of $Pepe to the AAVE ecosystem as an independent collateral asset to participate in lending.
3 days to vote, the approval rate is 76.76%. XG177, the sponsor of the proposal, revealed that he is a large holder of $20 million worth of $AAVE tokens, but he is not a Pepe holder.
This proposal was voted on in AAVE governance because the introduction of Pepe as collateral assets can attract millions of Pepe holders as depositors and borrowers, bring more revenue to the AAVE protocol, and enrich users' asset choices.
There aren't many assets backed by AAVE, and Pepe is the only meme coin. This also represents the Ethereum community's recognition of $Pepe as a core asset.
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