SCCP-2112: Update Dynamic Redeemer Discount Rate
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2024-05-23 |
Simple Summary
This SCCP proposes to decrease the dynamic redeemer discount rate to 50% from 60%.
Abstract
discountRate as per SIP-2059, is used to compute the value of the debt pool. It also determines the price at which a user can redeem his outstanding spot synths.
Motivation
The primary motivation is to move forward the intention of SIP-2059, increasing the incentives on users to migrate their synths over into sUSD.
Copyright
Copyright and related rights waived via CC0.