mStable Community Discussion Highlights 6.13.21 – 6.26.21

mStable Community Discussion Highlights 6.13.21 – 6.26.21

Apologies for missing last week. This will contain items from the last two weeks up until June 26th.

  • alUSD fPool (PDP 25)
  • FRAX fPool on Polygon (PDP 26)
  • Improve mStable Accessibility and Increase MTA Utility & Value Accrual
  • Meta ETH Asset Design
    • Additional Details
      • MEV à staked ETH yield variability (section from 45–55-minute mark for brief explainer) à need for “composite” staked ETH yield (i.e. product-market fit)
      • Staked ETH as “risk-free rate”/base money à building a “future-aligned” asset/aligning with eth 2.0 momentum expected end 2021
      • Trade-offs with staked ETH pools & ensuring longevity of bAssets
      • Spec being written as part of current development sprint
    • Forum Discussion: [Discussion] Should we consider adding ETH mAsset (mETH)?
  • LUSD fPool Discussion Re-ignited
    • Additional Details
      • LUSD+3pool consistently does $5-20 mil swap volume on Curve
      • Interest in deploying even without dual incentives
    • Forum Discussion: [Discussion] Liquity LUSD/mUSD fPool
  • Sustainability of Save Liquidations
    • Additional Details
      • Recent analysis from naddison shows that at current market prices, the current liquidation asset base will be depleted within a few months. Opportunity exists to rectify this and think about long-term sustainability of Save yields.
    • Forum Discussion: Re-igniting the Save Liquidation Discussion
  • Circlo (Chris) Nominated as a Protocol DAO Signer
  • mUSD as a Better Risk Mitigation Tool Than 3CRV
    • Discord-only discussion
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