Authors
Frax Finance Core Team
Summary:
This proposal seeks to whitelist PayPal USD (PYUSD) officially into the Frax Curve Automated Market Operator (AMO). This action aims to enhance the diversity and utility of the Frax ecosystem by integrating a stablecoin linked to a major financial service provider.
Background and Motivations:
The inclusion of PYUSD in the Frax Curve AMO will broaden the range of stablecoins within our ecosystem, providing users with more options and enhancing the overall resilience of the platform.
PayPal is a globally recognized financial services provider. The integration of PYUSD can leverage this reputation, potentially attracting new users who trust PayPal's brand and services. The demand for stablecoins continues to grow within the DeFi space. By adding PYUSD, we are meeting this demand and ensuring our platform remains competitive and relevant.
Proposal Details:
PayPal USD (PYUSD) Address: 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8
Voting:
- For: Whitelisting PYUSD for Frax Curve AMO
- Against: Do nothing
Off-Chain Vote
Timeline
Dec 11, 2023Proposal created
Dec 11, 2023Proposal vote started
Dec 16, 2023Proposal vote ended
Mar 02, 2026Proposal updated