Proposal to upgrade the USDI contract on Optimism to support 2 reserve tokens
As Bridged USDC.e has been officially depricated on Optimism, Interest Protocol should migrate to Native USDC. As the reserve is currently in bridged USDC.e, we propose to allow both USDC versions to exist as reserve assets simultaneously.
Eventually, at a time where no more bridged USDC.e exists in the reserve, a future proposal can depricate this reserve token completely and return to single reserve at that time.
This is specifically for the Optimism deployment of Interest Protocol only.
Relevant References
Migrating to the Native USDC-OP
Implementation
The new Implementation for USDI now has a primary and a secondary reserve. These reserves are assumed to have the same amount of decimals, as USDC.e and USDC are both decimal 6.
The execution of the proposal will set the primary reserve to Native USDC and the secondary to the currently used Bridged USDC.e.
There are now functions to deposit and withdraw separately for each reserve, which users are free to do at any time in any amount for which there exists liquidity.
The total reserve is calculated with the simple addition of these two token balances on the contract.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5fee...c86558 | 3.668M | FOR |
 0x3FB1...2d4C8A | 1.381M | FOR |
 0xd37C...734b96 | 1.034M | FOR |
 Diego Ortiz | 924,979 | FOR |
VOTE POWER
Proposal Status
- Sat May 25 2024, 06:21 pmVoting Period Starts
- Fri May 31 2024, 09:37 amEnd Voting Period
- Mon June 03 2024, 07:33 pmQueue Proposal
- Tue June 11 2024, 06:45 pmExecute Proposal
Current Results
1-FOR
7.008M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens