New proposals are up for voting in the Maker Governance portal.
Following the latest posts from @blockanalitica and @phoenixlabsdev in the Maker Forum, two new polls are live to initiate the LITE-PSM-USDC-A Phase 1 and to activate a Morpho market for Pendle PT tokens.
Hereâs a breakdown:
LITE-PSM-USDC-A Phase 1 Parameter Proposal
To kick off Phase 1 of the LITE-PSM-USDC-A, the BA Labs team has proposed the following parameter adjustments:
⢠Deploy PSM_MOM GSM Delay Exception.
⢠Migrate 20 million USDC from PSM-USDC-A to LITE-PSM-USDC-A via an upcoming script.
⢠Set the following DC-IAM DAI liquidity parameters:
PSM-USDC-A
⢠tin & tout: 0.
⢠DC-IAM line: 10 billion DAI.
⢠DC-IAM gap: Decrease to 380 million DAI.
⢠DC-IAM ttl: 12 hours.
LITE-PSM-USDC-A
⢠tin & tout: 0.
⢠DC-IAM line: 50 million DAI.
⢠DC-IAM gap: 20 million DAI.
⢠DC-IAM ttl: 12 hours.
⢠buf: 20 million DAI.
⢠GSM Delay: Decrease to 16 hours.
⢠ESM (Emergency Shutdown Module) minimum threshold: Increase to 300,000 MKR.
⢠Deploy a keeper network job for calling permissionless LitePSM functions
SparkLend Ethereum - Activate a Morpho Market for Pendle PT sUSDe
Phoenix Labs proposes integrating a PT sUSDe market to meet the demand for fixed-rate products using Ethena's tokens. BA Labs recommends the following parameters for onboarding Pendle PT sUSDe collateral:
⢠PT Maturity Date: 2024-10-25.
⢠Pool LLTV: 86%.
⢠Pool supply cap: 100 million DAI.
⢠Initial Dai allocation: 25 million DAI.
⢠Oracle: Fixed 1 USD value per PT, aligned with USDe redemption value at maturity.