Whitelist USDC-INIT Pool in Enshrined Liquidity

Initia Governance Enshrined Liquidity
1

1. TL;DR

Proposing to Whitelist the token pair [USDC-INIT] for Enshrined Liquidity.

2. Background

2-1. Token Pair Info & Context:

  • Token Name / Symbol: [USDC]
  • LP Pair: [USDC-INIT]
  • Pool Type: Weighted pool (Balancer)
  • Pool Parameters:
    • Weights: USDC 20%, INIT 80%
    • Swap fee: 0.3%

2-2. Token Details

  • Name: [USD coin]
  • Symbol: [USDC]
  • Origin Chain: Noble
  • Contract Address: uusdc
  • Total Supply Cap: N/A (Minted on demand by Circle)
  • Circulating Supply: ~504.87M (as of April 2025)
  • Token Type: Stablecoin
  • Upgradability: Yes — Contract can be paused/upgraded by Circle-controlled multisig.
  • Control: Multisig
  • Contract Verified? Yes
  • Special Mechanics: Centralized Mint/Burn tied to fiat reserves
  • Bridge Used: IBC (noble-1, channel-129)
    • only include this field if the token to-be-whitelisted is a bridged token

3. Proposed Parameters

Field Proposed Value Description
Reward Weight 60 RewardWeight is registered to distribution’s Params
Token Metadata 0xe0e9394b24e53775d6af87934ac02d73536ad58b7894f6ccff3f5e7c0d548e55 Dex coin LP metadata address

4. Rationale & Impact

Explain why this token should be added/removed or why parameters should be adjusted:

  • Whitelisting USDC-INIT will incentivize deeper liquidity for INIT in a stablecoin pair, enhancing trading efficiency and reducing slippage for users.

References / Appendix (Optional)

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