SCCP-193: Lower LUSD Wrapper Burn Fee
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-05-05 |
Simple Summary
This SCCP proposes the following updates to LUSD:
- Reduce
burnFeeRateon LUSD wrappr to 10 bps
Abstract
The parameters being updated as are as follows
- The
burnFeeRateis a parameter that determines the fee to be paid in order to release the underlying, when a synth is burned
Motivation
The goals of increasing the burn fee in SCCP 168 have been achieved. Furthermore, L2 sUSD is currently off peg (trading at ~0.99), which suggests that this fee increase should be reverted.
Copyright
Copyright and related rights waived via CC0.