PANews reported on November 7th that, according to the Sky (formerly MakerDAO) forum, Spark Prime proposed discontinuing sUSDS and sDAI collateral in SparkLend on the Ethereum network: the supply cap for both assets would be set to 1, the maximum LTV would be adjusted to 0%, the emode liquidation threshold for stablecoins would remain unchanged, and existing positions would not trigger new liquidation risks. Simultaneously, the PYUSD interest rate model benchmark would be raised to the Sky Savings Rate (SSR), and the slope would be lowered by 1% to 2% to stabilize borrowing rates and improve PYUSD circulation. This change requires review by Sky governance and the Stability Facilitator before being included in the next implementation vote.PANews reported on November 7th that, according to the Sky (formerly MakerDAO) forum, Spark Prime proposed discontinuing sUSDS and sDAI collateral in SparkLend on the Ethereum network: the supply cap for both assets would be set to 1, the maximum LTV would be adjusted to 0%, the emode liquidation threshold for stablecoins would remain unchanged, and existing positions would not trigger new liquidation risks. Simultaneously, the PYUSD interest rate model benchmark would be raised to the Sky Savings Rate (SSR), and the slope would be lowered by 1% to 2% to stabilize borrowing rates and improve PYUSD circulation. This change requires review by Sky governance and the Stability Facilitator before being included in the next implementation vote.
SparkLend plans to delist sUSDS and sDAI collateral on Ethereum and adjust the PYUSD interest rate model.
PANews reported on November 7th that, according to the Sky (formerly MakerDAO) forum, Spark Prime proposed discontinuing sUSDS and sDAI collateral in SparkLend on the Ethereum network: the supply cap for both assets would be set to 1, the maximum LTV would be adjusted to 0%, the emode liquidation threshold for stablecoins would remain unchanged, and existing positions would not trigger new liquidation risks. Simultaneously, the PYUSD interest rate model benchmark would be raised to the Sky Savings Rate (SSR), and the slope would be lowered by 1% to 2% to stabilize borrowing rates and improve PYUSD circulation. This change requires review by Sky governance and the Stability Facilitator before being included in the next implementation vote.
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