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TRX $0.3325 -0.55%
DOGE $0.0695 -0.69%
ADA $0.1782 -3.28%
BCH $200.32 -6.03%
LINK $8.77 -0.60%
HYPE $55.63 -4.42%
AAVE $85.34 -3.48%
SUI $0.6726 -2.89%
XLM $0.1592 -0.98%
ZEC $483.09 -2.30%

The new proposal of Lista DAO aims to introduce a Peg Stability Module (PSM) and a Lending Savings Rate (LSR)

2024-11-22 15:07:37

ChainCatcher news, Lista DAO has released a proposal titled "Proposal to Introduce a Pegged Stability Module Utilizing lisUSD Savings Rate". The current voting approval rate is 100%, and the voting will end on November 25.

The proposal includes the introduction of a Pegged Stability Module (PSM) and a lisUSD Savings Rate (LSR) to enhance the price stability of lisUSD and provide users with deposit returns. Initially, the PSM will support USDT, with a total quota of 5 million lisUSD, and will gradually increase support for FDUSD and USDC in the future, with a maximum limit of 15 million lisUSD. The initial interest rate of the LSR is pegged to a fixed spread of 1% below the borrowing rate of lisUSD against BNB and will be dynamically adjusted based on market demand. Additionally, a 2% fee will be charged for converting lisUSD to USDT, while converting USDT to lisUSD will be fee-free.

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