Hangzhou (PsCUKj6wy)

Full Hangzhou proposal + upgrade of the Liquidity Baking contract from XTZ-tzBTC to XTZ-USDtz, to much more likely achieve Liquidity Baking’s intended goals. USDtz is much less expensive to mint/redeem than tzBTC is. USDtz also enables a much wider range of participants in the minting/redemption process (with a particular focus on Tezos bakers), whereas a mere single institution has ostensibly been the only active minter of tzBTC. USD is also the preferred denomination among the ‘risk-free instrument’ seekers.

Proposal archive

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How to upvote the PsCUK Hangzhou proposal:

tezos-client submit proposals for YOUR_ADDRESS PsCUKj6wydGtDNGPRdxasZDs4esZcVD9tf44MMiVy46FkD9q1h9

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PsCUK Source code: TessellatedGeometry / stabletech · GitLab

PsCUK Testnet: https://tezos-baking.slack.com/archi

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Video discussion of Proposal PsCUK6jwy

Where is the source code for this proposal?

Good question and thank you.

PsCUK Source code: TessellatedGeometry / stabletech · GitLab

PsCUK Testnet: https://tezos-baking.slack.com/archi

So if this were to be approved and implemented, what happens to the old tzBTC/XTZ Liquidity Baking contract? Does it simply stop receiving the subsidy? (Existing contract here Liquidity Baking DEX on tzkt.io for those that don’t know the address)

Many users are in the process of providing liquidity via tzBTC/XTZ based Liquidity Baking, and we would not want to make their liquidity baking tokens invalid or otherwise unusable/unredeemable.

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