SCCP-200: Adjust LUSD Wrappr Parameters
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-05-16 |
Simple Summary
Increase the burnFeeRate back to 5% and the maximumTokenAmount to sUSD 100 million.
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
The parameters were adjusted last week in order to offset hightened market instablity and the sUSD peg discount. Given that those risks have decreased considerably and sUSD is at a premium on the ethereum network, this SCCP proposes to increase back the cap to previous levels and the burnFeeRate to 5%.
Copyright
Copyright and related rights waived via CC0.