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Rari Capital DAORari Capital DAOby0x9a569681630473506a77D8aBfB1636cdF8744d9A0x9a56…4d9A

Enable xSUSHI on FUSE

Voting ended over 4 years agoSucceeded

Summary

This is a proposal to add xSUSHI as a collateral option for borrowing and lending on FUSE Pool 3.

What is xSUSHI?

xSUSHI is the staked, yield-earning form of $SUSHI, the native token of the SushiSwap protocol. xSUSHI earns a portion of fees from SushiSwap usage, primarily its AMM. Its APY varies with an average around 15%. For more info, see https://app.sushi.com/sushibar

Why add xSUSHI on FUSE?

Currently, FUSE supports vanilla $SUSHI but not xSUSHI. Unstaked SUSHI is not yield-generating, so this is a disadvantage versus other lending platforms like Aave and CREAM which support xSUSHI deposits.

Is this technically viable?

Jack has confirmed that Rari has the code to support xSUSHI

Off-Chain Vote

YES - Enable xSUSHI on FUSE
54.17K 100%
NO - Do not enable xSUSHI
0 0%
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Timeline

Jun 22, 2021Proposal created
Jun 23, 2021Proposal vote started
Jun 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated