The BA Labs team has introduced proposed parameters for Phase 2 of the LitePSM migration to Maker Governance. This phase outlines a three-step plan to gradually migrate USDC from USDC-PSM-A and RWA014-A to LITE-PSM-USDC-A.

Phase 2 will commence once testing is complete and the module is ready to absorb the majority of existing stablecoin reserves. BA Labs recommends that the Stability Facilitator initiate a poll for the proposed parameter changes in the next cycle. If the poll is favorable, these changes will be included in the subsequent executive vote.