In order to facilitate a seamless integration of more RWA markets in the future, we believe that it is essential to adapt the current GSM implementation as much as possible. This approach not only simplifies technical integration but also mitigates risk complexity, resulting in a more robust and scalable solution.
Given the architecture of the GSM, it is crucial for asset swaps to be executed atomically for both buy and sell operations. This ensures that users receive the swapped asset immediately within the same transaction, maintaining the integrity of the user flow. Constraints on minimum enforced subscription and redemption amounts could also pose additional barriers for the implementation.
For BUIDL, atomic redemptions are already operational through the Circle BUIDL off-ramp. However, atomic subscriptions are still in development. Aave Labs is actively engaged in discussions with the Securitize team to establish this subscription process.
We are committed to keeping the community informed and will provide updates on our progress in the coming weeks.