Whitelisting of USDM algorithmic stablecoin within Moonwell Protocol

Proposals
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Hey @onlyMeridian and welcome to the Moonwell Gov Forum!

Honestly, it’s likely a little premature to create a new market for USDM on Moonwell, merely judging by the $70k ecosystem liquidity and lack of a Chainlink price feed.

As this is my first time hearing about USDM & Meridian Finance, I did have a few follow-up questions for you:

  1. Will you be able to provide all of the requested information found in the “Moonwell Asset Listing Framework”?

  2. Can you elaborate on the Stability Pool that assures the pegged value of USDM?

  3. What are the security measures in place to protect against smart contract vulnerabilities? Have any external audits been conducted?

  4. How does USDM handle extreme market volatility, considering it’s over-collateralized by ETH?

  5. What are the contingency plans if the USDM token fails to maintain its hard price floor of $1?

  6. Can you provide more details on how the 5% of USDM platform fees will be used to purchase the WELL token / how the Meridian treasury functions?

  7. How do you envision the integration of USDM benefiting the Moonwell community?

  8. How do you plan to further engage with the Moonwell community? Where can community members go to learn more about Meridian and USDM?

  9. Is the token contract upgradable?

  10. Is there a Github repository for the underlying token contracts?

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