SCCP-409: Increase Jubilee ratio to 20%
| Author | Fenway |
|---|---|
| Status | Vote_Pending |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2025-05-28 |
Simple Summary
This SCCP proposes to increase the jubilee ratio (sUSD deposited in the 420 pool : Original debt in the 420 Pool) to 20%.
Abstract
The parameters from SIP-421 being updated are described below;
- Jubilee minimum ratio (
auxTokenInfo) is being increased from 10% to 20%
Motivation
Whilst the initial 10% was effective to get it to $0.96, this is not enough, the peg needs to return to above $0.99. The initial 10% configuration proved highly effective in supporting the sUSD peg, with 75% of stakers holding over 10,000 sUSD in debt meeting the requirement. Consequently, sUSD has stabilized at approximately $0.96 for about one week. While the 10% configuration successfully raised the peg to $0.96, further measures are necessary to restore it to $1.00.
Copyright
Copyright and related rights waived via CC0.