@kpk_io: Aave deprecates legacy USDC on Gnosis Chain, migrating to USDC.e

@kpk_io
@kpk_io

The @gnosischain ecosystem is consolidating around USDC.e, the Circle-supported stablecoin. Following community approval, @Aave has deprecated the legacy USDC market on Gnosis Chain: ✅ The old USDC reserve is now frozen (no new deposits or borrows) ✅ The Reserve Factor increased to 80% 💡 Users are encouraged to migrate to USDC.e for unified liquidity and better capital efficiency. https://vote.onaave.com/proposal/?propos…

x.com
by mishaderidder.eth13093 🥝 • 11mo • x.com
AI summary of the linked article

Aave has deprecated the legacy USDC market on Gnosis Chain, with users encouraged to migrate to USDC.e, the Circle-supported stablecoin. Following community approval, the old USDC reserve is now frozen, meaning no new deposits or borrows are allowed. The Reserve Factor for the market was increased to 80%. The announcement says the move is meant to provide unified liquidity and better capital efficiency.

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Interesting. I found that USDC.e is usually also the best coin to swap in and out of Gnosischain
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