Skip to content

Commit

Permalink
Update sccp-2028.md
Browse files Browse the repository at this point in the history
  • Loading branch information
kaleb-keny committed Jul 26, 2023
1 parent 4f06e0f commit adcd0d4
Showing 1 changed file with 1 addition and 1 deletion.
2 changes: 1 addition & 1 deletion content/sccp/sccp-2028.md
Original file line number Diff line number Diff line change
Expand Up @@ -20,7 +20,7 @@ The `maxTokenAmount` is the maximum amount of synth that could be minted against

DAI was initially introduced in [SCCP-264](https://sips.synthetix.io/sccp/sccp-264/) to cater to traders' synth liquidity needs and meet the increasing demand for sUSD stemming from the release of perps v2. However, as we near the launch of perps v3 and the v3 staking system, it's beneficial to gradually phase out DAI wrappers in order to make the transition towards v3 smoother. Moreover, with sUSD liquidity right now is readily available in curve pools on optimism, which makes it an ideal time to scale back the usage of the DAI (currently the DAI wrapper has near zero utilization on optimism).

Upon the release of v3, acquiring sUSD would become much more convenient, thanks to multiple paths built into V3 that allows traders to acquire sUSD, as well-thought-out risk controls that focus on skewness.
Upon the release of v3, acquiring sUSD would become much more convenient, thanks to multiple paths built into V3 that allows traders to acquire sUSD, and well thought-out risk controls that focus on skewness.

It's worth mentioning that in case there's a sudden surge in sUSD demand before the v3 implementation matures, there are alternatives like LUSD, GHO, and CRVUSD. These tokens have ample on-chain liquidity and can be integrated with wrappers to help meet the sUSD demand while also diversifying the debt pool's exposure to counterparty risk.

Expand Down

0 comments on commit adcd0d4

Please sign in to comment.