This is a proposal to add Mountain's USDM as a collateral in the Transmuter to mint USDA on Ethereum. ## Context On USDA, the protocol derives its yield earnings from 2 main sources: - investments of USDC into the Steakhouse Metamorpho vault: this brings exposure to DeFi yields - the bIB01 held by the protocol on its backing: this brings exposure to TradFi/RWA yields. When it comes to bIB01, the protocol has to pay an issuance and redemption fee of at least 20bps (+ what is paid to market...
Starts
August 5, 2024
Ends
August 8, 2024
Ended
category_key changed
none → parameter_change
Jan 22, 2026, 5:43 PM
Item created
Aug 5, 2024, 7:05 AM