SCCP-2139: Create USDe Wrapper
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-10-29 |
Simple Summary
This SCCP proposes to create a USDe Wrapper on optimism with 0 fees and 10 million capacity.
Abstract
The wrapper will be created with the createWrapper function on the WrapperFactory with the following arguments:
- token:
0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34 - currencyKey:
0x7355534400000000000000000000000000000000000000000000000000000000 - synthContractName:
0x53796e7468735553440000000000000000000000000000000000000000000000
Motivation
The proposed wrapper is in light of recent limitations on increasing the capacity of the sUSD from L1 to L2, without making changes to the DebtCache contract. This along with the increased demand for sUSD liquidity calls for the usage USDe which allows for instant bridging between ethereum and optimism via the stargate bridge.
Copyright
Copyright and related rights waived via CC0.