PDP13: mBTC implementation choice

Posted by a representative of the mStable protocolDAO

In MIP-6, mStable Head of Research Onur Solmaz outlined the creation of mBTC and an analysis of an upgraded market maker, built to increase composability/optionality for mAssets and reduce gas cost. MIP-7 is an alternative solution proposed and preferred by the protocolDAO. MIP-7 achieves the goals set out in MIP-6 while enabling several additional features, described in this forum post.

The mStable protocolDAO is requesting Meta Govenor approval on whether to proceed with launching mBTC as described in MIP-7.

Further discussion is encouraged during the voting period as votes can be changed at any time prior to the vote closing, and voting is free (gasless). Please discuss this on the mStable discord, on the mStable forum and during this MIP's AMA on Tuesday 9 February.

Should mBTC launch with MIP-7?