SCCP-2149: USDC Wrappers

Author
Kaleb
StatusVote_Pending
TypeGovernance
NetworkOptimism
ImplementorTBD
ReleaseTBD
Created2024-11-25

Simple Summary

This SCCP proposes to deploy a USDC wrapper with 50 million dollar cap on optimism with 0 fees. Furthermore, this sccp also proposes to decrease the wrapper cap on USDe to zero, but this would only be implemented after partner integrators (1inch, odos, kwenta...) put in place the necessary for on-boarding the USDC wrapper.

Abstract

Wrappers can be setup by calling createWrapper under the WrapperFactor contract. The parameters of the call would be:

  • token: 0x29C78b718b6790852FDCC0ADAB7166Bf6E86965D
  • currencyKey: sUSD
  • synthContractName: SynthsUSD

Motivation

The change is in order to improving the trading user experience as USDC is the defacto stable coin of choice for most users.

Copyright

Copyright and related rights waived via CC0.