Community Debates Proposal to Transfer Idle USDC to sUSDS for Higher APY @Instadapp 🧵 1/5

We uncover what is happening across web3 👀

3/ Community reactions are mixed:
- bougie0x opposes due to risks involving Circle, Sky, Morpho, and regulatory issues. - litocoen supports, citing low risks and the need for competitive rates. Key points:
- Potential $1.2M additional revenue from $20M idle USDC.

4/ - Maintains liquidity and flexibility with instant sUSDS to USDC conversion. - Concerns include smart contract risk, liquidity risk, and potential USDS depegging. Next steps involve gathering community feedback for an on-chain proposal.

👉 Learn more at https://app.x23.ai/instadapp/discussions/topic/852/temp-check-transfer-unutilized-usdc-from-fluid-to-susds

2/ Considering a TEMP CHECK for transferring unutilized USDC from Fluid to sUSDS in the Sky Ecosystem. The aim is to boost Fluid's revenue with a 6.25% APY from sUSDS, enhancing lending APR and competitiveness.