SCCP-167: Lower baseBorrowRate on Synth Loans to 0.25%
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-03-01 |
Simple Summary
This SCCP proposes to lower the base borrowing rate to 0.25% from 3%.
Abstract
The baseBorrowRate determines the annual interest rate applied on sUSD/sETH borrowing against ETH.
Motivation
This SCCP aims at improving the sUSD/sETH liquidity on optimism, given the acute shortage of LUSD on the ethereum network and the sETH/ETH wrappr being near max capacity with little headroom to raise it further due to the composition of the debt pool on optimism.
Copyright
Copyright and related rights waived via CC0.