DESCRIPTION
Below are the proposed stETH market deployment parameters:
In addition to the stETH market, I propose renewing DOLA-3CRV LP rewards at a rate of 750 INV per month for a duration of 2 months (1500 INV total).
RATIONALE
At the time of this proposal, about $1.2B worth of stETH are in circulation. However, stETH is far less productive across DeFi than ETH and its holders have nowhere to borrow on their stETHs. Adding stETH to Anchor will allow holders to use it as collateral to borrow DOLA, making stETH a more productive asset and boosting Anchor TVL, DOLA borrowing demand and DAO revenue. Maintaining high DOLA-3CRV liquidity is essential to accommodate a potential increase in DOLA borrowing demand by stETH holders.
