SYI - Stable Yield Index is obsolete and replaced with PAY - Pulse Aggregate Yield

Hi Matt,

Great idea, I can see a need for stable coin based products for many users.

A few questions for discussion:

  1. Is it going to be classed as a security?
  2. would it run as a standard issue and redem[option for all the underlying, or something more like a more active fund where people deposit / issue DAI or USDC, and we maintain a liquid portion as non income generating tokens, and the rest is placed in the income generating strategies.
1 Like