SCCP-198: Adjust LUSD Wrapprs

Author
StatusDraft
TypeGovernance
NetworkEthereum & Optimism
ImplementorTBD
ReleaseTBD
Created2022-05-12

Simple Summary

Lower the LUSD burnFeeRate and maxTokenAmount to zero.

Abstract

The burnFeeRate is the fee paid to release LUSD by burning sUSD. The maxTokenAmount is the maximum amount of LUSD that can be wrapped to mint sUSD.

Motivation

Given market conditions and imbalanced sUSD/stables supply, the changes in the parameters will restrict the supply of sUSD and allow it to decrease via arbitrage activities.

Copyright and related rights waived via CC0.