Summary
This proposal unregisters an old contract address no longer utilized by USD3. These types of proposals can happen after a collateral basket change or a major protocol upgrade. In the case of USD3, there was a proposal that changed the emergency collateral backing, where USDP was removed.
Asset to be unregistered:
USDP: 0x4C0B21Acb267f1fAE4aeFA977A26c4a63C9B35e6
Abstract
This proposed unregisters the USDP contract address from USD3
Problem Statement
USD3 completed an update to its emergency collateral. USDP is no longer being used by USD3 but the contract address still remains in the Asset Registry.
Rationale
By removing an unused contract address, this improves the gas efficiency of USD3.
Risks
There are no associated risks by removing the unused contract address.
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