[GIP-183] PT-sUSDe27Mar2025 Listing
AI summary
This proposal, GIP-183, suggests adding PT-sUSDe-27MAR2025 as an accepted collateral type within Gearbox's stablecoin lending pools on the Ethereum network. PT-sUSDe is a Principal Token from Pendle Finance, representing a claim on the principal of sUSDe, a staked version of the Ethena synthetic stablecoin USDe. If approved, users would be able to deposit PT-sUSDe-27MAR2025 to borrow other stablecoins like USDC, USDT, DAI, DOLA, and GHO.
If this proposal passes, Gearbox users will have a new asset, PT-sUSDe-27MAR2025, available for use as collateral, increasing borrowing options and potentially attracting more liquidity to the protocol. The protocol will take on new risk exposure to PT-sUSDe and its underlying asset, sUSDe, which is a synthetic stablecoin with a unique pegging mechanism.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Author
Chaos Labs
Overview
Chaos Labs proposes whitelisting PT-sUSDE-27MAR2025 as collateral within stablecoin pools on the Ethereum deployment. Below, we present our parameter recommendations leveraging the methodologies we have previously detailed for Pendle tokens.
Technical Overview
PT-sUSDe is Pendle Finance’s Principal Token for sUSDe, representing a claim on the principal component of the asset with a specific maturity date—in this case, March 27, 2025 and December 26, 2024. At maturity, PT-sUSDE can be redeemed for sUSDe at a 1:1 ratio, allowing users to lock in a fixed y…