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XRP $1.00 -0.23%
SOL $75.16 -1.37%
TRX $0.3322 -0.67%
DOGE $0.0694 -0.85%
ADA $0.1787 -2.84%
BCH $200.27 -6.19%
LINK $8.80 +0.02%
HYPE $55.78 -3.95%
AAVE $85.61 -2.34%
SUI $0.6751 -2.30%
XLM $0.1598 -0.28%
ZEC $481.33 -1.98%

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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