We are pleased to announce that both of our zAssets on-ramp Liquidity Pools are now live on Wombat! You can now go to the Wombat Exchange app and start staking in the zUSD and zBNB Liquidity Pools.
We’re here to provide you with an update regarding HIP-7 and the Multi-signature (Multisig) process that we previously discussed in our last community call.
Today, we’re providing further updates driven by community feedback on security at Wombat Exchange. After thorough discussions with Wombat, we’ve incorporated the security-related insights into HIP-8. We’re also making modifications to HIP-8 by introducing the option to use USDC stablecoin for the zUSD liquidity pool, offering an alternative to the sunset BUSD stablecoin.
We are excited to share this recap of our inaugural Horizon Protocol Community Call, which took place on July 28th. This event offered a valuable opportunity for us to reflect on the achievements of the first half of the year, outline our plans for the second half, and answer live community questions.
Today, we would like to share four new Horizon Improvement Proposals (HIPs) designed to strengthen our liquidity pools and maximize the potential of the Ecosystem and Community Fund. These proposals are specifically aimed at boosting liquidity and making community participation more efficient by simplifying our pools.
Ten days ago we shared a proposal, HIP-6: Lower Target C-Ratio to 600% from 700%, with the community suggesting to lower the Target C-Ratio from 700% to 600%.