As outlined in the whitelisting process, this is a proposal to increase the DUSD(DefiDollar) capFactor from cap1 to cap2 ($1M -> $3M).
This is a proposal to increase the DUSD cap tier from cap1 to cap2. DUSD balancer pool currently has >$2.4.M in liquidity and has surpassed its $1M cap by quite a margin.
DefiDollar provides users with exposure to a stablecoin index and aims to become a stablecoin aggregator that provides protection against volatility and access to yield rewards from underlying protocols.
What is DUSD?
DUSD is a stablecoin index which currently has exposure to the following stabelcoins: DAI,USDT,USDC and TUSD via the Curve yPool and deploys collateral in the yVault to generate yield for the protocol participants.
We are planning to add a peak that provides access to decentralized stablecoins( DAI & sUSD) by leveraging a Balancer Smart Pool.
You can read more about the vision and future plan of action here.