UIP008 - Onboard sUSX to Unitus

Summary

This proposal seeks to onboard sUSX as a collateral-only asset into Unitus across all networks supported. By integrating sUSX into Unitus, Unitus can offer users dual benefits of earning staking yields from USX while utilizing USX as collateral to borrow other assets.

Motivation

Following sDAI, sUSX is the second yield-bearing stablecoin onboarded to Unitus.

sUSX is the staked version of USX. dForce DAO has approved, through DIP066, for the initial staking yield of sUSX to be set at 15%, presenting an unique opportunity for our users to earn sustainable and competitive yields through this integration.

It is proposed for Unitus to support both sUSX and USX simultaneously. sUSX will be primarily used as collateral, while USX as a borrowable asset on Unitus.

Specification

sUSX will be gradually integrated with Unitus V1 & V2 across all networks we support, starting from Ethereum, Arbitrum, Optimism, Base, and BSC.

We proposed the following parameters for sUSX:

	Collateral	LTV	Supply Cap	Can be borrowed
Ethereum	Yes	92%	3,000,000	No
Arbitrum	Yes	92%	4,000,000	No
Optimism	Yes	92%	1,000,000	No
Base	Yes	92%	1,000,000	No
BSC	Yes	92%	1,000,000	No