[RFC-03] List syzUSD (Staked Yuzu Money USD) as a Neverland Collateral and Bootstrap Incentives

[hypermassiv]

The RFC is not written by anyone from the team. Anyone can post RFCs so it is important to read and consider what’s being proposed.

Also, if the RFC should progress to a vote and it passes, the asset will be subject to our own internal security parameters.

[Zany4]

Thanks for the clarification. Not sure how I missed the name of the original poster Telos. I guess the formatting and level of detail made me assume… Also the thorough novel Catalyst wrote explaining.

Has anyone from the Neverland team already met / discussed with Yuzu team any of the sensible restrictions being discussed here? Is Yuzu known informally from industry meetings? How do restrictions get included or modded into Telos’ original proposal if passed… by the team when implementing Neverland’s security parameters before final RRC-03 vote?

[Surfcastin]

Thanks for the clarification! Echo Zany4 questions.

[hypermassiv]

The RFC was written after consultation with our team and we have a line of contact with the Yuzu Team.

Regarding parameters, since this is the first phase of governance, we have executive power over the market parameters because this concerns Neverland’s security. Catalyst will share more details soon.

Essentially, this vote will be more about whether we want to list and incentivise syzUSD as a collateral asset.

FYI @Surfcastin

[Zany4]

Thank you for the answer! Will keep a lookout for more info from Catalyst which will hopefully include some suggestions from here. I am sure it will be on the conservative side at least initially to benefit Neverland governance participants and with the long term in mind.