On September 17, Snapshot showed that Convex Finance initiated a proposal to significantly reduce PYUSD holdings. The proposal stated that Frax held a large amount of PYUSD in assets, but the interest was very small. Frax should diversify away from low-interest assets, so it is recommended to reduce the Curve FRAX/PYUSD of more than two million dollars to a maximum of 500,000 dollars. The current proposal has a 99.51% opposition rate and will end on September 20.