📢 LIP #011 is Now Live!

LIP #011 - Proposal to Add sUSDX as Collateral in the Innovation Zone with Adjustable Borrow Limits

This proposal adds sUSDX as a collateral asset with an initial borrow limit of 50,000 lisUSD. It also removes the need for separate governance proposals to adjust borrow limits, enabling the DAO to quickly respond to market demands.

Vote now: https://t.co/dBe0DBt1zB

Voting Period: Dec 6, 2024, 3:16 PM-Dec 9, 2024, 3:16 PM（UTC+0）

Key Points

🔹sUSDX as collateral with a 50,000 lisUSD borrow limit.

🔹Adjustable Borrow Limits for all collaterals, no longer requiring separate proposals.

References

USDX: A synthetic USD stablecoin.

sUSDX: Staked USDX, offering yield sharing.

Benefits (Pros)

🔹Expands collateral options and boosts protocol activity.

🔹Increases flexibility and agility in responding to market conditions.

Downside (Cons)

🔹Initial performance of sUSDX as collateral needs close monitoring.

Voting Options

Yes: Add sUSDX as collateral and streamline borrow limit adjustments.

No: Keep current governance process for borrow limit changes.