SCCP-2105: Update Dynamic Redeemer Discount Rate

Author
StatusImplemented
TypeGovernance
NetworkEthereum
ImplementorTBD
ReleaseTBD
Created2024-05-06

Simple Summary

This SCCP proposes to decrease the dynamic redeemer to 0.75 from 0.90.

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.