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closedEnded 3 months ago ยท Snapshot (Offchain)

[GIP-229] Convex-staked RLUSD/USDC listing

By desnakeee.eth

Author

desnake

Summary

Itโ€™s proposed to list RLUSD/USDC LP token as collateral, as it offers competitive yield in RLUSD incentives while being safe enough. The detailed analysis from Chaos Labs will be published a bit later in attached Discord discussion topic.

Price Oracle

  • RLUSD

    • Main: Chainlink RLUSD/USD (0x26C46B7aD0012cA71F2298ada567dC9Af14E7f2A)
      • Staleness period: 24H_BUFFERED
      • Trusted: False
    • Reserve: Same as Main USDC Chainlink USDC/USD (0x8fFfFfd4AfB6115b954Bd326cbe7B4BA576818f6) bounded by $1.04 from above
      • Staleness period: 24H_BUFFERED
  • Curve RLUSD/USDC (0xD001aE433f254283FeCE51d4ACcE8c53263aa186)

    • Main: CURVE_2LP_ORACLE (0xD001aE433f254283FeCE51d4ACcE8c53263aa186) using Main USDC and Main RLUSD
      • Staleness period: 24H_BUFFERED
      • Trusted: False
    • Reserve: CURVE_2LP_ORACLE (0xD001aE433f254283FeCE51d4ACcE8c53263aa186) using Main USDC and Reserve RLUSD
      • Staleness period: 24H_BUFFERED
  • Convex Curve RLUSD/USDC

    • Main: the same as Main Curve RLUSD/USD
      • Trusted: False
    • Reserve: the same as Reserve Curve RLUSD/USD
  • Staked convex Curve RLUSD/USDC

    • Main: the same as Main Curve RLUSD/USD
      • Trusted: False
    • Reserve: the same as Reserve Curve RLUSD/USD

USDC, USDT, DAI, GHO, DOLA pool

Add quoted tokens:

TokenStaked convex curve RLUSD/USDC LP
Quota Limit1,000,000
minRate0.05%
maxRate15%

Compatibility (limit: 0; minRate: 0.01%; maxRate: 0.01%):

  • RLUSD
  • Curve RLUSD/USD
  • Convex curve RLUSD/USD

USDC, USDT, DAI, GHO, DOLA Tier 1 CMs:

Add collateral tokens:

TokenStaked convex curve RLUSD/USDC LP
LT90%

Compatibility (LT: 0):

  • RLUSD
  • Curve RLUSD/USD
  • Convex curve RLUSD/USD

Adapters:

  • RLUSD/USDC pool Convex adapter
  • Curve RLUSD/USDC Stable NG adapter

Txn log

Txn log can be found here Md5 checksum is 501957b7c6e314a324d007f66895d43a

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Votes 17
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ekh.eth
71.795M

For

overkoalafied.eth
52.385M

For

0x88C4...3A6464
44.534M

For

0xdAb4...40a38D
29.231M

For

0xD374...aA65B0
24.8M

For

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Proposal Status
  • Thu April 03 2025, 09:50 amVoting Period Starts
  • Sun April 06 2025, 09:50 amEnd Voting Period
Current Results

1-For

238.159M

Quorum 238.159M/200M
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