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ETH $2,495.61 +0.21%
BNB $741.59 -0.97%
XRP $1.40 -0.55%
SOL $104.33 -1.08%
TRX $0.3345 -0.13%
DOGE $0.0905 +1.11%
ADA $0.2209 +0.96%
BCH $261.69 +2.11%
LINK $12.83 +3.64%
HYPE $85.51 -2.14%
AAVE $132.44 -0.19%
SUI $0.8319 +4.50%
XLM $0.1928 +5.23%
ZEC $1,164.07 -4.30%

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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