[GIP-173] Onboard USDs and sUSDS tokens to all stablecoin markets
AI summary
This proposal seeks to add USDS and sUSDS tokens to all existing stablecoin markets on Gearbox, a decentralized finance protocol. Chaos Labs, a risk assessment firm, has provided recommendations for the initial listing parameters, including a Liquidation Threshold of 0.9 for both tokens and a starting Quota Limit of 50 million USDS and 50 million sUSDS across all pools. The proposal also details specific quota limits and interest rate parameters for various stablecoin pools like USDC, GHO, USDT, and DAI, as well as the oracle configurations for these new tokens.
If approved, Gearbox users will be able to use USDS and sUSDS as collateral or for borrowing within the protocol, increasing the variety of stablecoins available. This could benefit users seeking more options for leverage or yield, but it also introduces new assets whose stability and liquidity, while assessed by Chaos Labs, could still pose risks to the protocol if market conditions change unexpectedly. The proposal does not involve direct treasury allocation or payments.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Summary
Chaos Labs supports listing USDS and sUSDS on Gearbox Ethereum; our analysis and risk parameter recommendations for the initial listing are below.
Note: The following analysis is conducted solely from a market risk viewpoint, excluding technical, centralization and third-party risk considerations. If the community aims to reduce exposure to USDS and sUSDS for any non-economic risk reason, adopting more conservative supply and borrow caps should be considered.
Recommendations
Liquidation Threshold
Despite the relatively nascent on-chain liquidity…