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Gearbox-protocol / gearbox-ops

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[Feature]: Onboard USDe on Arb #20

Open de-snake opened 6 months ago

de-snake commented 6 months ago

Contact Details

No response

Asset

Ethereum: 0x4c9edd5852cd905f086c759e8383e09bff1e68b3; Arbitrum: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

Description

Motivation

Recently Ethena has attracted huge amount of liquidity by offering lucrative yields coming from its novel funding rates strategy and protocol's incentives. Due to delta-neutral nature of Ethena's investment strategy, it can be utilized as a relatively safe collateral.

Network

Arbitrum

Which pools do you want to add the asset to?

USDC

Oracles

Redstone Ethereum: https://etherscan.io/address/0xbC5FBcf58CeAEa19D523aBc76515b9AEFb5cfd58#readProxyContract

Redstone Arbitrum: not live

Liquidity sources

Ethereum:

  1. $14M TVL Uniswap V3 USDe/USDT https://info.uniswap.org/#/pools/0x435664008f38b0650fbc1c9fc971d0a3bc2f1e47
  2. $34M TVL Curve USDe/USDC https://curve.fi/#/ethereum/pools/factory-stable-ng-12/
  3. $31M TVL Curve USDe/DAI https://curve.fi/#/ethereum/pools/factory-stable-ng-100/
  4. $19M TVL Curve USDe/crvUSD https://curve.fi/#/ethereum/pools/factory-stable-ng-11/
  5. $54M TVL Curve USDe/FRAX https://curve.fi/#/ethereum/pools/factory-stable-ng-35/
  6. $11M TVL Curve USDe/GHO https://curve.fi/#/ethereum/pools/factory-stable-ng-105/

Arbitrum:

  1. $195k TVL Camelot V3 https://app.camelot.exchange/pools/0xc23f308CF1bFA7efFFB592920a619F00990F8D74