Proposal: Launch MIM-USDC.e-DAI.e
TL;DR: After much discussion, we chose this pool in order to provide a means for capital to flow into our network with minimal risk to our partnerships.
Pool allocation will be a separate proposal. Also, additional pools will will be handled in separate proposals if deemed necessary.
Deeper Reasoning: As was pointed out by the community. Axial's AS4D pool holds >75% of all TUSD on Avalanche, with Snowball's S4D pool coming in as the 3rd largest holder with an additional ~8%.
This means that >83% of all TUSD tokens on Avalanche are held between Snowball and Axial.
Even if AS4D were to acquire the remaining portion, and hold 100% of all TUSD, TUSD would still be underrepresented in the pool at 21.6% of the pool.
Even on day 3, reliance on TUSD has already hindered the growth of our platform.
Although the obvious choice would be USDC.e-DAI.e-USDT.e I personally feel that we should launch DAI.e-USDC.e-MIM
This would accomplish three things:
It would allow our growth to continue by providing places for liquidity to flow. AS4D Is currently blocked by TUSD supply limitations, AC4D's growth will be limited by FRAX in the near future and is already slowing. By avoiding USDT.e and native USDT we give space for the fate of those coins to be made more clear. It would be unfortunate to launch a pool now, only to have to deprecate it a few weeks from now when more news comes to light about Tether's future on Avalanche. It would allow us to stay on the right side of potential business partners by avoiding DAI.e-USDC.e-USDT.e. With this approach, the DAI.e-USDC.e-MIM will provide sufficient of headroom for platform growth, as well as providing a compelling space for MIM liquidity (of which there is plenty on the network)