MIP 23: Remove mUSD from Iron Bank

The mUSD from both Feeder Pools (mUSD/GUSD and mUSD/BUSD) is allocated in the Iron Bank since MIP 11 has been enacted. In light of recent events around the exploit of Cream Finance, it is proposed to remove this integration and move the mUSD into a dummy integration contract for the time being.

Since the smart contracts for the Feeder Pool can't move from integration back to having no integration, a dummy integration contract is needed to replace it. This dummy integration would simply hold the funds and does not supply them to any platform.

Links

• RFC: Remove mUSD from the Iron Bank
• Proposal: MIP 23: Remove mUSD from Iron Bank
• Discussion: MIP 23: Remove mUSD from Iron Bank

Should the Iron Bank integration be removed and replaced by a dummy integration contract?