#SAIP #57.1 - Update to USD0++ Cauldron Parameters

This proposal seeks to update the parameters of the USD0++ cauldron initially introduced in AIP #57. The proposed changes aim to reduce risks, increase profitability, and make the cauldron more attractive for users. The updates include an increase in the Maximum Collateralization Ratio (MCR) to 90%, a reduction in liquidation fees to 2%, an increase in the interest rate to 12%, an increase in the MIM cap to 5 million from the 2 million initially proposed, and the integration of an updated oracle that uses Pyth’s USD0++ price feed.

Updated Cauldron Parameters

• Interest Rate: 12%
• Borrow Fee: 0.5% (unchanged)
• Maximum Collateralization Ratio (MCR): 90%
• Liquidation Fee: 2%
• MIM Cap: 5 million
• Oracle: Updated to use Pyth’s USD0++ price feed (0xEb58304C786a9961bB04CC4236C31EBe713db291)