As Michigan Blockchain, we support this proposal to deploy stataUSDC and stataUSDT GSMs on Ethereum. The main reason for our support is that this will lead to better capital efficiency for USDT and USDC GSMs. According to the current data, it will generate around $600k yearly for the Aave treasury. One of the biggest risks that ChaosLabs also mentioned is liquidity availability, however the USDC and USDT markets on Aave have significantly grown, meaning there’s more liquidity available to support the GSM. While we are aware of stataTokens and their utility as explained here, we are curious about the specific rationale behind using stataTokens instead of aTokens in this case.
-Kerem Dillice
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