The outstanding supply of cUSD on the reserve website shows more token than actually exists. This is because the liquidity in the Mento 1:1 Mobius pool is owned by the protocol.
From the reserve perspective, the cUSD in the Mobius pool doesn't exist. Only when user makes a swap and adds USDCet to the pool, it is 'minted'.
bayological
commented
1 year ago
Description:
The outstanding supply of cUSD on the reserve website shows more token than actually exists. This is because the liquidity in the Mento 1:1 Mobius pool is owned by the protocol.
From the reserve perspective, the cUSD in the Mobius pool doesn't exist. Only when user makes a swap and adds USDCet to the pool, it is 'minted'.
Which means, we should subtract it from outstanding supply of cUSD. Mento 1:1 Mobius pool: https://www.mobius.money/pool/0xfa3df877f98ac5ecd87456a7accaa948462412f0
Acceptance criteria: