I would suggest for adding new pool for more stablecoins to on-board to make the swerve ecosystem more diversified and more stable to reduce systemic risk.
Here is my proposal to build a new pool as:
USDC, USDT, HUSD, sUSD
USDC ,USDT, HUSD,mUSD
I believe some community members haven’t heard of HUSD, but it is the 7th stablecoin interms of market cap.
My idea is by adding more stablecoins , Swerve will attract more different users, traders around the world. And may connect the community from west to east. Openess and fairness , I believe that’s the spirit of open finance and DeFi.
HUSD is issued by Stable Universal limited, a company registered on BVI. HUSD can be traded on Huobi Global, HBTC, HOO, Hotbit and some other CEXs. For DeFi, now Tokenon and Kyber Network has supported HUSD. The MarkerDAO community is voting for on-borading HUSD as a collectral as well.
Of course, I think it’s open to discuss about the Pros and Cons of this proposal and I would like to share my idea with all. Thanks.
Stablecoin Ranking: #7
Circulating Marketcap: 146 million Accumulated issuance: 2 billion
Trading Volume (24 hours): $ 20 million
Official Website: https://www.stcoins.com/
- Maybe Later
(I think before we start a formal voting, we can discuss more)