Drop EtherCollateral fees to zero to allow sETH loans to be closed during the trial and incentise ETH holders to take loans.
The changes proposed are listed below:
- EtherCollateral.setInterestRate: 0
- EtherCollateral.setIssueFeeRate: 0
With the current demand of sUSD it is keeping sUSD above the $1 peg, see sUSD Chart. Any sUSD deposits into the Depot are quickly arbed. EtherCollateral Depends on sUSD being available in the Depot to be able to close sETH loans as when a loan creators closes their sETH loan their sETH is burnt to unstake their ETH and a portion of their ETH is used to buy sUSD to send to the feepool as revenue for SNX holders.
As this is a light version of EtherCollateral trial the next version will not require the Depot as a dependancy for sUSD purchases and will integate buying on market.
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