Lista DAO releases proposal vote on "Proposal to launch pegged stability module using lisUSD savings interest rate"
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2024-11-22 15:02:01 8,867
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Golden Finance reported that LSDfi and CDP solution ListaDAO released a proposal to vote on the "Proposal to launch a pegged stability module using lisUSD savings interest rate". The current approval rate is 100%, and the voting will end on November 25. The proposal includes the introduction of the Pegged Stability Module (PSM) and the lisUSD Savings Rate (LSR) to enhance the price stability of lisUSD and provide stable returns for deposits.
PSM will initially support USDT with a total quota of 5 million lisUSD, and will gradually increase support for FDUSD and USDC based on market demand. The maximum limit of PSM is 15 million lisUSD. The initial interest rate of LSR will be linked to a fixed spread of 1% on lisUSD’s borrowing rate against BNB, and will be adjusted based on market demand.