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XRP $1.00 -0.43%
SOL $75.30 -1.46%
TRX $0.3326 -0.56%
DOGE $0.0695 -0.94%
ADA $0.1787 -3.33%
BCH $200.75 -6.01%
LINK $8.80 -0.31%
HYPE $55.61 -4.54%
AAVE $85.68 -3.32%
SUI $0.6762 -2.44%
XLM $0.1598 -0.64%
ZEC $482.74 -2.48%

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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