Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Lista DAO releases proposal for "Proposal to launch a pegged stable module using lisUSD savings rate"

Lista DAO releases proposal for "Proposal to launch a pegged stable module using lisUSD savings rate"

CointimeCointime2024/11/22 07:22
By:Cointime

the LSDfi and CDP solutions Lista DAO have proposed a vote on the "suggestion to launch a stable module linked to the lisUSD savings rate" and currently have a 100% approval rate. The proposal includes introducing the Peg Stability Module (PSM) and lisUSD savings rate (LSR) to enhance the price stability of lisUSD and provide stable returns for deposits. Initially, PSM will support USDT with a total quota of 5 million lisUSD, and gradually increase support for FDUSD and USDC based on market demand. The maximum limit for PSM is 15 million lisUSD. The initial interest rate of LSR will be linked to the fixed interest rate differential of lisUSD against BNB borrowing rate minus 1%, and will be adjusted based on market demand.

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

Ripple & MoonPay Donate $50k RLUSD to LAFD Firefighters

Further, Ripple has come forward and stated that there are many more ways they can support firefighting efforts now.

Cryptotimes2025/01/12 01:44

Looking back (and ahead) a year after bitcoin ETF approval

Bitwise argued in its 2025 outlook report that bitcoin ETFs will attract more flows in 2025 than they did in 2024

Blockworks2025/01/12 00:44