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Dollar ProtocolDollar Protocolby0x89a359A3D37C3A857E62cDE9715900441b47acEC0x89a3…acEC

Should new EUR coin use existing SHARE or new EURSHARE?

Voting ended over 5 years agoSucceeded

In the consideration of adding new algorithmic stablecoin (EUR), we should consider whether this EUR should pay seigniorage EUR to the existing SHARE token or a new EUR SHARE token.

Discussion: https://gov.dollarprotocol.com/t/discussion-yuan-and-euro-stablecoin/41/37

Pros of using existing SHARE: 1: increases value of SHARE token as it is the central governance and seigniorage of all algorithmic stablecoin pairs 2: share holders become incentivized to help maintain the peg for all tokens because they all affect the share value 3: everyone feels more incentivized to keep pairs that are stable and remove pairs that are not

Pros of using new EURO SHARE: 1: increases resiliency of system in case one pair fails and dilutes SHARE too much 2: could have separate governance ecosystem in future 3: fresh clean start without the history of USD V1 migration

Cons of using new EURO SHARE: 1: may fragment ecosystem too much 2: too many parallel systems running at the same time without support systems for each other

Off-Chain Vote

Existing SHARE
213.82K 91.4%
New EUROSHARE
20.19K 8.6%
Abstain
0 0%
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Timeline

Oct 03, 2020Proposal created
Oct 03, 2020Proposal vote started
Oct 08, 2020Proposal vote ended
Jan 23, 2024Proposal updated