Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Prisma Finance: PIP-009 proposal passed, sfrxETH debt limit increased to 50 million mkUSD

Prisma Finance: PIP-009 proposal passed, sfrxETH debt limit increased to 50 million mkUSD

CointimeCointime2023/11/26 10:27
By:Cointime

The LSD stablecoin protocol Prisma Finance tweeted that the PIP-009 proposal has officially been passed, and the debt ceiling for sfrxETH has been raised from the previous 33 million mkUSD to 50 million mkUSD. mkUSD is Prisma Finance's over-collateralized stablecoin, and users can use the liquid staking tokens wstETH, rETH, cbETH, and sfrxETH for collateral and minting. According to data from the Prisma Finance official website, the debt ceilings for these liquid staking tokens are currently 200 million mkUSD, 60 million mkUSD, 7 million mkUSD, and 0 mkUSD, respectively.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin is inches away from cracking all-time high against gold

If gold remains steady today, a single move from bitcoin to $98,500 would do it

Blockworks2024/11/21 20:44

Expect a ‘massive altcoin season’ once bitcoin dominance hits 65%

HashKey’s Jupiter Zheng highlighted three success areas he’s watching: Ethereum, Solana and certain tokens in DeFi

Blockworks2024/11/21 20:44