# \[RFC\] - Introducing iUSDC

**URL:** <https://forum.reserve.org/t/rfc-introducing-iusdc/529>\
**Category:** Ideas & suggestions\
**Created:** [October 28, 2023, 2:48am UTC](https://forum.reserve.org/t/rfc-introducing-iusdc/529 "2023-10-28T02:48:02Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![lycurguz](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.reserve.org/lycurguz/32/253_2.png) [@lycurguz](https://forum.reserve.org/u/lycurguz)\
**Post date:** [October 28, 2023, 2:48am UTC](https://forum.reserve.org/t/rfc-introducing-iusdc/529/1 "2023-10-28T02:48:02Z")

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## Introduction

Introducing iUSDC, an insured and interest-bearing RToken designed to be the ideal form of USDC.

> The preferred currency of the [buzzaar.io](http://buzzaar.io) social freelancing marketplace

Ideal USDC (iUSDC), is an over-collateralized and censorship-resistant version of USDC initially pegged to $1 USD that aims to be a maximally safe medium of exchange.

In this RFC I will give you an overview of iUSDC. I highly encourage the community to ask questions and share their suggestions. If you want to help make this RToken a success, please reach out to me on twitter: [@0xLycurguz](https://twitter.com/0xLycurguz) or email at [lycurguz@spear.technology](mailto:lycurguz@spear.technology)

## Mandate

### What is the mandate?

- An over-collateralized and censorship-resistant form of USDC with onchain insurance and yield to protect holders against inflation and black swan events. Governors are tasked to prioritize safety through diversification and other low-risk strategies.

### Why is that the mandate?

### What rules does the mandate set for governance?

## Deployer

### Who is the deployer?

Hello 👋

- Deployer Address: **spearlabs.eth** `0x6a669D9C90c03491311A01aA76c7fF12627Ed9bd`
- [https://twitter.com/0xLycurguz](https://twitter.com/0xLycurguz)

### Why did I decide to deploy the RToken?

### What’s in it for me?

## Collateral Asset Backing

### What does the initial collateral backing for this RToken look like?

- 50% Compound V3 USDbC.
- 40% Stargate USDbC pool.
- 10% Aave V3 USDbC.

### Why was this collateral backing chosen?

At the time of deployment, these are the only available USDC-based collateral on Base.

### Should governance keep the collateral backing as it is or update it whenever it can?

### What is the estimated APY with the initial collateral backing?

## Revenue Distribution

### What will the initial revenue distribution look like?

### Why was this particular distribution chosen?

## Product Differentiation

### How does this RToken differ from competitors?

### Why will people use this RToken?

## Go To Market

### Who do you see as the early adopters and advocates of this RToken?

### What does success look like for this RToken?

## Branding

### Why was this RToken name chosen?

### What does the logo look like?

### Why was this logo chosen?

### What does the brand represent?

## Call To Action

### What is expected from the RToken’s governors?

### What can the community do to make this RToken a success?