PIP-59 Migrate PUSd and USDC to A100 Pool
Abstract
The proposed PIP aims to migrate PUSD and USDC to the new PUSd/fraxbp curve pool which has an A factor of 100.
Background
To improve the peg for PUSd borrowers and in a bid to improve the decentralisation of the network, this proposals aims to remove all the DAO’s PUSd liquidity in the current pool and move it to the pusd/fraxbp curve pool with an A Factor of 100 (https://curve.fi/#/ethereum/pools/factory-v2-174/deposit). This will reduce slippage and Frax will be voting on the pool, ensuring CRV rewards and attracting sufficient liquidity.
Specifications
Remove all the DAO’s current PUSd liquidity in the PUSd/3CRV pool and allow it to supply up to 2m in liquidity in the PUSd/FRAXbp pool (~1m pusd and/or ~1m usdc/frax)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xE470...dAC46D | 489.874M | Yes, migrate the liquidity |
 0x88a6...1E7FC3 | 414.54M | Yes, migrate the liquidity |
 0x9f50...2DDa55 | 400.024M | Yes, migrate the liquidity |
 0x2797...93559D | 385.138M | Yes, migrate the liquidity |
 0xA120...516f04 | 347.1M | Yes, migrate the liquidity |
VOTE POWER
Proposal Status
- Thu June 08 2023, 02:38 pmVoting Period Starts
- Sun June 11 2023, 02:38 pmEnd Voting Period
Current Results
1-Yes, migrate the liquidity
2.454B
2-No, do nothing
426,934.365