SCCP-2089: Update Loan Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum & Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-03-05 |
Simple Summary
This SCCP proposes to update the issueFeeRate on loans to 40% from 1%
Abstract
issueFeeRate is the rate charged on drawing down on existing loans
Motivation
Despite the recent parameter changes, loans are still being tapped in order to draw out sUSD liquidity which leans on monetary policy changes that aim to control the debt pool skew. The parameter change proposed in this SCCP significantly discourages more sUSD liquidity being drawn out from legacy loans.
Copyright
Copyright and related rights waived via CC0.