TechFlow news: LSD stablecoin protocol Prisma Finance announced that the community has launched its second improvement proposal, PIP 002, aiming to increase the interest rate on all collateralized debt positions on the platform from the current 1% to 2%. If passed, this proposal would increase protocol revenue without materially affecting risk. According to Snapshot, PIP 002 voting has already started and will end at 00:03 UTC+8 on November 9. The current approval rate stands at 99.04%.
Previously, Prisma Finance announced on X that the first improvement proposal, PIP 001—which increased the wstETH debt limit to 200 million mkUSD—has been successfully deployed, enabling users to now mint an additional 100 million mkUSD against wstETH collateral.
