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TechFlow reports that LSD stablecoin protocol Prisma Finance has announced the launch of its first proposal, PIP 001, on its official X account. The proposal aims to increase the debt ceiling of the wstETH vault from the current 100 million mkUSD to 200 million mkUSD, allowing more users to participate in kUSD minting. The voting for this proposal is now open and is scheduled to end on November 4, 2023. The current approval rate stands at 100%.
Prisma Finance, an LSD stablecoin protocol, announced on its official Twitter that it has launched its first proposal, PIP 001, aiming to increase the debt ceiling of the wstETH vault from the current 100 million mkUSD to 200 million mkUSD. This change is intended to allow more users to participate in kUSD minting. The proposal is currently open for voting and is scheduled to end on November 4, 2023, with a current approval rate of 100%.
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