Simple Summary

Update the ETH and DAI wrapper parameters as follows:

• Increase the DAI mintFeeRate to 25 bp from 10 bp
• Lower the ETH mintFeeRate to 10 bp from 25 bp

Abstract

The mintFeeRate is the rate that paid for locking up a certain underlying to mint it's respective synth equivalent.

Motivation

The primary motivation is to lean against the recent increase in the debt skew which exceeded 40%, up from 20% a couple of weeks ago. Increasing the incentive to scale with ETH helps lower the skew to a certain extent as the sETH is swapped to other synths.

Copyright

Copyright and related rights waived via CC0.