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StabilizeStabilizeby0x63Dbf00C99EaD0635FF5aDf2fd2f1F7F2141fc7C0x63Db…fc7C

Should we launch a wrapped BTC-multipool

Voting ended about 5 years agoSucceeded

Stabilize will release a new multi-stablecoin pool which takes advantage of arb-opportunities on curve, this will happen some time after all zpa-pools have been rolled out.

Since the outlook of the profitability of this new pool is quite promising, it makes sense to think forward and look for other opportunities where this novel concept, and the experience of the devs in coding such pools, can be applied.

Some community members already suggested to stabilize also wrapped versions of BTC, like renBTC, wBTC & sBTC.

Therefore, it's hereby sugested to launch a wrapped BTC-multipool which takes advantage of arb-opportunities on curve's sBTC-pool to generate a self-compounding interest for the deposited wrapped BTC versions renBTC, wBTC and sBTC, as well as another income stream for STBZ stakers and/or the treasury (wBTC for the treasury, and/or swap profit into wETH for stakers).

Needless to say, also this strategy will have the effect of stabilizing the deposited assets relative to their PEG, here the price of real BTC, while making profit by arb-trading.

If this proposal passes, other subordinated proposals may be activated to decide about the details.

Off-Chain Vote

Yes, please launch a wrapped BTC-multipool
0 0%
No
0 0%
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Timeline

Nov 27, 2020Proposal created
Nov 27, 2020Proposal vote started
Nov 28, 2020Proposal vote ended
Oct 26, 2023Proposal updated