BIP22: Deploy the Stability Fund Mechanism


BIP22, if approved, will implement a Stability Fund mechanism to help maintain the peg of bnUSD. The Stability Fund will have a whitelist for approved stable assets, initially starting with IUSDC and USDS. Approved stable assets can be sold to the Stability Fund, then the Stability Fund will mint bnUSD 1:1, minus a 0.5% fee, and send to the seller. Vice versa, traders holding bnUSD can swap 1:1 for assets in the Stability Fund, again minus a 0.5% fee.

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