Recover Basket and Support BANK during distressed times

Completely agree with you on this @paulm , I would be very much against diversifying the basket to include USDC.

In an ideal world I would also avoid holding USDC or any other pegged stablecoins in the basket, but as long as we’re holding only the amount required to provide the liquidity in the pool we should be “ok”. In long run when we’re listed on CEX’s and there exists multiple DEX’s pool, USDC can be converted back to ETH or other strategic assests. Also it addresses liqidity concerns in short term with limited risk.

With regard to this https://twitter.com/lex_node/status/1420959311098953734 would suggest staying away from USDC, as it’s a potential legal attack vector. I think there will be a market for crypto-native sable currency that is not tainted by $.