Summary:
Activate the sUDS/crvUSD LlamaLend v2 Market
Abstract:
USDS is the biggest synthetic stablecoin from Sky (previously DAI / MAKER) with around 10 Billions $ Market Cap
sUSDS is the staked version of USDS, received as deposit in the staking contract :
The staking contract generate yield from DEX liquidity, Lending USDS and Treasury Investment.
TheMarket Cap of sUSDs is around 4.7 Billions $
sUSDS has more than 8 millions $ of liquidity on Curve DEXfor liquidation , max 2 millions crvUSD$ should be ok for liquidation event.
Motivation:
sUSDS is the biggest staked $ , some yield arbitrage or leverage could be done and generate revenue to Llamalend v2.
.Current yield of sUSDS is around 3.52%
Specification:
Deploy of sUDS/crvUSD LlamaLend v2 Market
Proposed parameters
Parameter Proposed value Borrowed asset crvUSD Collateral sUSDS Band Width Factor ( A)? Base fee 0.05% Liquidation discount 2.8% Loan discount 4.8% Borrow cap 2,000,000 crvUSD Admin percentage 10%
For:
Expansion of Llamalend v2 to yieldbearing stablecoin
Against:
?
