SIP-190: Add LUSD/sUSD Wrappr to L1
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | pDAO |
| Release | 2021-12-01T00:00:00.000Z |
| Proposal | Loading status... |
| Created | 2021-11-17 |
Simple Summary
Adding a LUSD wrappr that mints 1 sUSD for each 1 LUSD deposited and releases 1 LUSD for each sUSD burned (excluding fees).
Abstract
This SIP proposes to add the LUSD/sUSD wrappr using the wrappr factory specified in SIP-182.
Motivation
The LUSD wrappr will allow us to reduce the negative ETH skew on the debt pool while keeping the peg in check on L1.
Specification and Overview
The sUSD/LUSD wrappr will function similar to the LUSD/sUSD wrappr on L2, where a users can mint 1 sUSD for each LUSD deposited and where users can burn 1 sUSD to receive back 1 LUSD (excluding fees).
Rationale
N/A
Technical Specification
The LUSD token address is 0x5f98805A4E8be255a32880FDeC7F6728C6568bA0
Test Cases
N/A
Configurable Values (Via SCCP)
-
Max Capacity := 0
-
Minting Fee := 5 bp
-
Burning Fee := 5 bp
Copyright
Copyright and related rights waived via CC0.