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ETH $1,882.55 +0.26%
BNB $608.76 +0.44%
XRP $1.00 +1.16%
SOL $75.53 +0.56%
TRX $0.3312 -0.39%
DOGE $0.0698 +0.07%
ADA $0.1773 -0.82%
BCH $203.57 -0.06%
LINK $9.52 +6.54%
HYPE $56.92 +1.00%
AAVE $86.48 +1.23%
SUI $0.6797 +0.39%
XLM $0.1583 +1.03%
ZEC $488.39 -0.48%

The new proposal of Lista DAO aims to introduce a Peg Stability Module (PSM) and a Lending Savings Rate (LSR)

2024-11-22 15:07:37

ChainCatcher news, Lista DAO has released a proposal titled "Proposal to Introduce a Pegged Stability Module Utilizing lisUSD Savings Rate". The current voting approval rate is 100%, and the voting will end on November 25.

The proposal includes the introduction of a Pegged Stability Module (PSM) and a lisUSD Savings Rate (LSR) to enhance the price stability of lisUSD and provide users with deposit returns. Initially, the PSM will support USDT, with a total quota of 5 million lisUSD, and will gradually increase support for FDUSD and USDC in the future, with a maximum limit of 15 million lisUSD. The initial interest rate of the LSR is pegged to a fixed spread of 1% below the borrowing rate of lisUSD against BNB and will be dynamically adjusted based on market demand. Additionally, a 2% fee will be charged for converting lisUSD to USDT, while converting USDT to lisUSD will be fee-free.

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