Simple Summary

This SCCP proposes deposit in a special Treasury account 5m sUSD backed by the protocol. The funds would be used by Treasury to alleviate the sUSD borrow pressure on AAVE on optimism. Treasury would be required to burn the funds once usage of these funds had run it's course.

Abstract

The proposal entails:

• Minting 5m sUSD
• Sending it to the TC wallet address
• Treasury would be required to deposit the sUSD on AAVE on optimism
• Treasury would burn the sUSD along with any interest profit made on the deposit as the usage of these funds had run it's course

Motivation

The main motivation is to alleviate the high demand for sUSD on aave optimism, with the apy hitting highs.

Copyright

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