Update USDC and USDT Market Rates on Fluid
Summary
This proposal seeks to update the market rates for USDC and USDT on Fluid to align with current market conditions, aiming to optimize utilization and enhance competitiveness within the Fluid protocol.
Update Rate Curve for USDC and USDT layers
- Proposed updated Rate Curve:
- Utilization 0%: Rate 0%
- Utilization 80%: Rate 12%
- Utilization 93%: Rate 18%
- Utilization 100%: Rate 33.34%
Description:
The need for this adjustment arises from the observation that the current market rates for USDC and USDT are overutilized and do not accurately reflect the broader market rates. The proposal is inspired by the new rate adjustments seen in MakerDAO. This adjustment is aimed to better align the stablecoin markets on Fluid with the broader market.
Conclusion:
This proposal updates USDC and USDT rate curves on Fluid, ensuring that the rates are better matched to current market conditions and user demand patterns.
Forum Link: Update USDC and USDT rate curve on Fluid
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0xAa72...c44931 | 1.191M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0x69F7...B5a567 | 336,692 | FOR |
 StableLab | 250,094 | FOR |
VOTE POWER
Proposal Status
- Tue March 12 2024, 05:21 pmVoting Period Starts
- Thu March 14 2024, 05:55 pmEnd Voting Period
- Thu March 14 2024, 06:37 pmQueue Proposal
- Fri March 15 2024, 07:08 pmExecute Proposal
Current Results
1-FOR
4.288M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens