Prisma Finance community launches proposal to “increase debt interest rate from 1% to 2%”

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Cointime2023/11/06 01:57

By:Cointime

Stablecoin protocol Prisma Finance community has initiated its second improvement proposal, PIP-002, which aims to increase the debt interest rate of all collateral on the platform from the current 1% to 2%, thereby increasing protocol revenue. According to the Snapshot page, PIP-002 has started voting and will end at 00:03 on November 9th Beijing time. The current voting support rate is 99.04%. Yesterday, Prisma Finance announced on the X platform that the first improvement proposal, PIP 001, which raised the debt limit of wstETH to 200 million mkUSD, has been deployed. Currently, users can use wstETH to mint an additional 100 million mkUSD.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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