SparkLend announces plans to remove sUSDS and sDAI collateral, along with changes to PYUSD interest rate model

SparkLend plans to delist sUSDS and sDAI, setting supply limits and modifying loan parameters to ensure stability without adding liquidation risks. The LTV will be reduced to 0%, with current stablecoin liquidation thresholds remaining intact.

The PYUSD interest rate model will be benchmarked against the Sky Savings Rate, with a planned reduction in slope to promote stability in borrowing costs and bolster PYUSD circulation pending approval from Sky governance.

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