SIP-2060: Synth Migration - Treasury Council
| Author | |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
Simple Summary
The SIP suggests deprecating synths on Ethereum by setting the discountRate to zero. To accommodate potential future redemptions by users claiming sUSD, an equivalent value of the deprecated synths in sUSD would be minted and sent to the Treasury Council, would would manage potential redemptions.
Abstract
After this SIP is implemented, debt of stakeholders will remain unchanged, however Treasury Council will receive the equivalent value of the deprecated synths.
Motivation
In order to allow Treasury to continue to service redemptions, this sip is proposed whereby the value of synth is minted to Treasury Council who would be responsible of managing that process in the future.
Specification
Pending
Test Cases
NA
Configurable Values (Via SCCP)
NA
Copyright
Copyright and related rights waived via CC0.