Prisma Finance community launches proposal to “increase debt interest rate from 1% to 2%”
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.
You may also like
Traders Anticipate Major Price Surge for HYPE Token
In Brief Significant short-term price increase anticipated for HYPE token by crypto market analyst. Analyst predicts a potential 150% rise due to current market conditions. Altcoins may experience volatile fluctuations as four-year crypto cycles end.
Ethereum Whale Stirs Market with Strategic Cryptocurrency Moves
In Brief The Ethereum whale divested $2 million ETH and invested in three different tokens. The whale's strategic moves led to increased market interest and token value growth. Investors observe potential risks and opportunities from the whale's diversification action.
Spot Sui ETF Sparks Immediate Price Surge
In Brief Sui's price briefly increased after 21Shares' ETF application was announced. The SEC's decision on ETF applications is anticipated by November 2025. Growing investor demand is evident with nearly 70 crypto-based ETF reviews ongoing.
US Non-Farm Payrolls Exceed Forecasts; Dollar Gains
Trending news
MoreCrypto prices
More
