# Flagship USDC and Flagship USDT - sDAI markets listing

**URL:** <https://forum.morpho.org/t/flagship-usdc-and-flagship-usdt-sdai-markets-listing/512>\
**Category:** BlockAnalitica & B.Protocol\
**Created:** [March 12, 2024, 6:00pm UTC](https://forum.morpho.org/t/flagship-usdc-and-flagship-usdt-sdai-markets-listing/512 "2024-03-12T18:00:48Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Ekatch](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/ekatch/32/172_2.png) [@Ekatch](https://forum.morpho.org/u/Ekatch)\
**Post date:** [March 12, 2024, 6:00pm UTC](https://forum.morpho.org/t/flagship-usdc-and-flagship-usdt-sdai-markets-listing/512/1 "2024-03-12T18:00:48Z")

</div>

As the Flagship vaults continue to grow, Block Analitica & B.Protocol will submit a cap of 100m USDC to the bbUSDC Flagship vault sDAI (94.5%) market, and a 100m USDT cap to the bbUSDT Flagship vault for sDAI (94.5%) market. The listing transaction will be made in 2 days and the market will be live once the 4 day timelock ends. Our rationale for listing these markets is detailed below.

## Rationale

Currently, the liquidity in the bbUSDC and bbUSDT vaults is allocated to wstETH and WBTC markets, with WETH listed but with no allocations at this stage. We think this is the right time to list sDAI markets to have the possibility of adding exposure to a major blue-chip stablecoin.

sDAI is the biggest stable yield-bearing asset in DeFi today. With over 800m DAI locked in sDAI earning 15% (recently updated from 5%), and nearly 1.3B DAI in the DSR, on-chain liquidity for sDAI/USDC and sDAI/USDT is similar to that of DAI vs these stables with a similar risk profile as well.

The Flagship bbUSDC and bbUSDT vaults’ main exposure will remain in wstETH and WBTC collateral markets. However, stablecoin collateral market yields for these vaults, with adjustable allocations to those markets will bring a boost to the yield of both bbUSDC and bbUSDT LPs.

## Market Parameters

### bbUSDC

Loan token: USDC - [0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48](https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48)

Collateral token: sDAI - [0x83F20F44975D03b1b09e64809B757c47f942BEeA](https://etherscan.io/token/0x83F20F44975D03b1b09e64809B757c47f942BEeA)

Oracle: Morpho Chainlink - [0x6cafe228ec0b0bc2d076577d56d35fe704318f6d](https://etherscan.io/address/0x6cafe228ec0b0bc2d076577d56d35fe704318f6d)

IRM: Adaptive Curve IRM - [0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC](https://etherscan.io/address/0x870ac11d48b15db9a138cf899d20f13f79ba00bc#code)

LLTV: 94.5%

**SupplyCap: 100m USDC**

### bbUSDT

Loan token: USDT - [0xdac17f958d2ee523a2206206994597c13d831ec7](https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7)

Collateral token: sDAI - [0x83F20F44975D03b1b09e64809B757c47f942BEeA](https://etherscan.io/token/0x83F20F44975D03b1b09e64809B757c47f942BEeA)

Oracle: Morpho Chainlink - [0x7538c68d863b28e34b986c1e8dafeda31d824923](https://etherscan.io/address/0x7538c68d863b28e34b986c1e8dafeda31d824923)

IRM: Adaptive Curve IRM - [0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC](https://etherscan.io/address/0x870ac11d48b15db9a138cf899d20f13f79ba00bc#code)

LLTV: 94.5%

**SupplyCap: 100m USDT**

## LP Veto

As a reminder any LP that opposes a new supply cap being submitted can set a vote to veto the new cap following this [tutorial](https://forum.morpho.org/t/flagship-vault-guardian-voting-tutorial-for-lps/422) and using this [Snapshot space](https://snapshot.org/#/flagship-usdc.morpho-guardian.eth) for the bbUSDC vault and this [Snapshot space](https://snapshot.org/#/flagship-usdt.morpho-guardian.eth) for the bbUSDT vault.

For live accurate data on Morpho Blue and MetaMorpho refer to our [dashboard](https://morpho.blockanalitica.com/).

For any questions or feedback feel free to get in touch with us here or on our social platforms.

Block Analitica - [Twitter](https://twitter.com/BlockAnalitica), [Medium](https://medium.com/block-analitica), [Website](https://blockanalitica.com/)

B.Protocol - [Twitter](https://twitter.com/bprotocoleth), [Discord](https://discord.com/invite/bJ4guuw), [Medium](https://medium.com/b-protocol), [Github](https://github.com/backstop-protocol)