🚀 Spark Prime Proposes Changes to Ethereum Network Collateral
#SparkPrime #Ethereum #CollateralSystem #SparkLend #sUSDS #sDAI #LoanToValue #LTV #PYUSD #SkySavingsRate #SSR #InterestRateModel #Stablecoin #Governance #StabilityFacilitator #ExecutionVote
According to PANews, Spark Prime has proposed modifications to the collateral system within SparkLend on the Ethereum network. The proposal suggests disabling sUSDS and sDAI as collateral by setting their supply caps to one and adjusting the maximum Loan-to-Value (LTV) ratio to 0%. The liquidation threshold for stablecoin emode will remain unchanged, ensuring that existing positions do not face new liquidation risks.
Additionally, the proposal includes an increase in the PYUSD interest rate model benchmark to align with the Sky Savings Rate (SSR) and a reduction of Slope 1 to 2%. These adjustments aim to stabilize borrowing rates and enhance PYUSD circulation. The proposed changes are subject to review by Sky governance and the Stability Facilitator before being included in the next execution vote.#SparkPrime #Ethereum #CollateralSystem #SparkLend #sUSDS #sDAI #LoanToValue #LTV #PYUSD #SkySavingsRate #SSR #InterestRateModel #Stablecoin #Governance #StabilityFacilitator #ExecutionVote