PIP-59 Migrate PUSd and USDC to A100 Pool

Abstract

The proposed PIP aims to migrate PUSD and USDC to the new PUSd/fraxbp curve pool which has an A factor of 100.

Background

To improve the peg for PUSd borrowers and in a bid to improve the decentralisation of the network, this proposals aims to remove all the DAO’s PUSd liquidity in the current pool and move it to the pusd/fraxbp curve pool with an A Factor of 100 (https://curve.fi/#/ethereum/pools/factory-v2-174/deposit). This will reduce slippage and Frax will be voting on the pool, ensuring CRV rewards and attracting sufficient liquidity.

Specifications

Remove all the DAO’s current PUSd liquidity in the PUSd/3CRV pool and allow it to supply up to 2m in liquidity in the PUSd/FRAXbp pool (~1m pusd and/or ~1m usdc/frax)