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[AddToken] fUSDC on Mainnet #159

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tom2o17 opened this issue Apr 13, 2023 · 2 comments · Fixed by #160
Closed

[AddToken] fUSDC on Mainnet #159

tom2o17 opened this issue Apr 13, 2023 · 2 comments · Fixed by #160
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addToken Used for automation - do not remove

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@tom2o17
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tom2o17 commented Apr 13, 2023

Network

MAINNET

Token Symbol

fUSDC

Token Name

Flux USDC

Decimals

8

Address

0x465a5a630482f3abD6d3b84B39B29b07214d19e5

Image URL

https://i.imgur.com/HnCmhzw.png

Reason

Why Should we add this token?

This token is fUSDC, it is USDC that has been wrapped inside of the Flux Lending protocol, linked here, and is being lent out to users who have posted OUSG (Tokenized short term government bonds) as collateral. (Currently earning ~4%APY in kind)

How do we know it's not a scam?

This token is basically a fork of compound cUSDC token you can check the source code of fUSDC on chain here
We have also undergone a c4rena audit repo linked here

Does it have enough liquidity on selected chain?

The on chain liquidity for this token is currently ~$711k (Within the lending pool)
There is also a curve pool fUSDC<>fDAI linked here

@tom2o17 tom2o17 added the addToken Used for automation - do not remove label Apr 13, 2023
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Your request has been received and is being processed.

This issue will be updated when completed.

@github-actions
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Your request is ready and will be reviewed by a team member.
You can follow the progress in the Pull Request #160

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