SCCP-2159: snxUSD Wrapper

Author
StatusImplemented
TypeGovernance
NetworkEthereum
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2025-03-01

Simple Summary

This SCCP proposes to setup a snxUSD wrapper with 1 million cap and no fees.

Abstract

Wrappers can be setup by calling createWrapper under the WrapperFactor contract. The parameters of the call would be:

  • token: 0xb2F30A7C980f052f02563fb518dcc39e6bf38175
  • currencyKey: sUSD
  • synthContractName: SynthsUSD

Motivation

The motivation behind this sccp proposes to create a wrapper that allow users to swap out snxUSD into sUSD which is more liquid on ethereum.

Copyright

Copyright and related rights waived via CC0.