GM rToken enjoyoors! StableLab will be publishing weekly governance wrap-ups to highlight ongoing discussions and proposals. If you want your proposal or idea featured, please contact us via Forum DM or tag us on Discord (@raphbaph).
Let’s dive right in
New token, who dis?
0xlogarithmicrex introduced rgUSD, short for revenue generating USD, a overcollateralized stablecoin consisting of 100% aDAI with:
90% - Liquidity Incentives
5% - DAO Liquidity
5% - RSR Stakers (governance and overcollateralization)
Please give Rex a warm welcome!
Spring cleaning
High Yield USD is performing a spring cleaning of sorts, and proposes to unregister:
fUSDC - Flux USDC
mrp-aUSDT - Morpho Aave USDT v2 Pool
cvxeUSDFRAXBP - OLD eUSD+FRAXBP Contract
TUSD - True USD(used in emergency collateral)
And register:
COMP Address, so that COMP rewards can be monetized.
It’s all in a name
In cooperation with 0xTomSawyer, StableLab release a naming convention for RFC proposals and IPs.
The goal of the naming convention is to make finding proposals easy and attract more governance participation.
That’s a wrap! Please reach out to us to let us know how we can improve this format, as well as any proposals you’d like us to cover here.