mUSD Treasury Diversification - Assets

Voting ended almost 5 years agoSucceeded

It is proposed to diversify the mStableDAO's USD treasury from being 100% in mUSD, into another stablecoin. This is being done to manage risk ahead of the mUSD contract upgrade, which will see the deployment of a new AMM and bAsset selection.

Whilst we have the utmost confidence in the integrity of mStable's code and the risk protections built into the protocol, smart contract upgrades represent a potential opportunity for "black swan" events. Thus we believe this diversification to be responsible management of the USD treasury given the circumstances.

If you are for the diversification of the mStableDAO's USD treasury, which alternative USD stablecoin should be held alongside mUSD?

Off-Chain Vote

I am against diversifying

0 0%

USDC

0 0%

DAI

40 80%

sUSD

10 20%

USDT

0 0%

Other

0 0%

Abstain

0 0%

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Timeline

Mar 08, 2021Proposal created

Mar 08, 2021Proposal vote started

Mar 11, 2021Proposal vote ended

Oct 26, 2023Proposal updated