memoscan
← all memos

Memo 0x13a3b1c9…1c1097 on Ethereum

0x3fcb35a1…cb28sent to0x35d9f495…dfff·#12,631,485·view on Etherscan
# Add Lido's stETH market to Anchor and renew DOLA-3CRV rewards for 2 months DESCRIPTION Below are the proposed stETH market deployment parameters: - Collateral factor: 60% - Reserve Factor: 20% - INV reward speed: 0 INV per month - Oracle feed: Lido's Curve oracle https://etherscan.io/address/0xab55bf4dfbf469ebfe082b7872557d1f87692fe6 In addition to the stETH market, I propose renewing DOLA-3CRV LP rewards at a rate of 750 INV per month for a duration of 2 months (1500 INV total). RATIONALE At the time of this proposal, about $1.2B worth of stETH are in circulation. However, stETH is far less productive across DeFi than ETH and its holders have nowhere to borrow on their stETHs. Adding stETH to Anchor will allow holders to use it as collateral to borrow DOLA, making stETH a more productive asset and boosting Anchor TVL, DOLA borrowing demand and DAO revenue. Maintaining high DOLA-3CRV liquidity is essential to accommodate a potential increase in DOLA borrowing demand by stETH holders.
unknown sendersent to0x35d9f495…dfff·#12,631,485·view on Etherscan
setFeed(address,address,uint8)_supportMarket(address)_setCollateralFactor(address,uint256)transfer(address,uint256)notifyRewardAmount(uint256,uint256)# Add Lido's stETH market to Anchor and renew DOLA-3CRV rewards for 2 months DESCRIPTION Below are the proposed stETH market deployment parameters: - Collateral factor: 60% - Reserve Factor: 20% - INV reward speed: 0 INV per month - Oracle feed: Lido's Curve oracle https://etherscan.io/address/0xab55bf4dfbf469ebfe082b7872557d1f87692fe6 In addition to the stETH market, I propose renewing DOLA-3CRV LP rewards at a rate of 750 INV per month for a duration of 2 months (1500 INV total). RATIONALE At the time of this proposal, about $1.2B worth of stETH are in circulation. However, stETH is far less productive across DeFi than ETH and its holders have nowhere to borrow on their stETHs. Adding stETH to Anchor will allow holders to use it as collateral to borrow DOLA, making stETH a more productive asset and boosting Anchor TVL, DOLA borrowing demand and DAO revenue. Maintaining high DOLA-3CRV liquidity is essential to accommodate a potential increase in DOLA borrowing demand by stETH holders.