When should sUSD be added?
Please only vote on this proposal if you voted YES to add sUSD to the mUSD basket.
For many months, sUSD has consistently remained above its US$1 peg. At time of writing, it is at $1.03.
No economically rational actor would mint mUSD with it, given mUSD’s 1:1 nature. Additionally, it was argued that should any sUSD be deposited, that sUSD would be immediately traded out by arbitrageurs. The lack of DAI representation - itself over-peg - was used as evidence of this dynamic.
This concern was discussed in the forum thread about adding sUSD to the mUSD basket. See (https://forum.mstable.org/t/vote-add-susd-to-musd-basket/45).
If you approve of adding sUSD to the mUSD basket, at what point do you think it would be best to add it?
-
When technically feasible = as soon as there is developer capacity, the asset will be added.
-
When sUSD stabilises around its US$1 peg = 1-2 weeks at its US$1 peg.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x7575...351ff0 | 24,549 | When sUSD stabilises around its US$1 peg |
 0x43CE...1E9558 | 17,891 | When technically feasible |
 0x6e3A...782aFB | 15,819 | When sUSD stabilises around its US$1 peg |
 0x7eEC...538bf3 | 5,489 | When sUSD stabilises around its US$1 peg |
 0x1129...055687 | 5,181 | When sUSD stabilises around its US$1 peg |
VOTE POWER
Proposal Status
- Tue October 06 2020, 05:00 pmVoting Period Starts
- Sun October 11 2020, 10:00 amEnd Voting Period
Current Results
1-When sUSD stabilises around its US$1 peg
67,153.786
2-When technically feasible
19,217.616