SCCP-198: Adjust LUSD Wrapprs
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum & Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-05-12 |
Simple Summary
Lower the LUSD burnFeeRate and maxTokenAmount to zero.
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
Given market conditions and imbalanced sUSD/stables supply, the changes in the parameters will restrict the supply of sUSD and allow it to decrease via arbitrage activities.
Copyright
Copyright and related rights waived via CC0.