[GIP-229] Convex-staked RLUSD/USDC listing
AI summary
This proposal seeks to add the "Convex-staked RLUSD/USDC LP token" as a new type of collateral that users can deposit into Gearbox. This specific LP token represents a share in a liquidity pool on Curve Finance, which is then staked on Convex Finance to earn additional rewards. The proposal outlines the technical parameters for integrating this new collateral, including how its price will be determined using Chainlink and Curve oracles, and sets a quota limit of $1,000,000 for this new collateral type.
If passed, Gearbox users will have a new option for collateral, potentially increasing the protocol's total value locked and offering users a way to leverage their Convex-staked RLUSD/USDC LP tokens. This benefits users seeking to utilize this specific asset within Gearbox, but introduces a new asset that the protocol must manage and secure.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
desnake
Summary
It'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 …
- Main: Chainlink RLUSD/USD (0x26C46B7aD0012cA71F2298ada567dC9Af14E7f2A)