Proposed by a community member (@Leg), to integrate mASSETS into yield farming projects to increase TVL.
When a new project like YAM comes out for the first time, and MTA is one of the supported deposits for farming, then MTA holders can stake MTA to farm, many will also buy MTA to do so, which is great for MTA’s price.
Taking the same concept to mUSD, people now either need to mint mUSD or buy mUSD to be able to farm YAMs, which means they’ll have to interact with mStable which generates fees, increases TVL, not much mUSD in SAVE therefore high SAVE interest, which benefits the whole mStable system, not just MTA holders.
The distinction is that catering for MTA integration only benefits MTA holders, which is a relatively short term benefit, while catering for mAsset integration benefits mStable: stakers, holders, users.
High SAVE rates => more users => higher TVL => more coverage and more attractive for projects to integrate with us. Ideally, we get other, more permanent forms of adoption as well.
Higher SAVE rates, more users and increasing TVL in mStable
- Potentially higher SAVE rates and users
- More coverage and more attractive for projects to integrate with us