Raising Interest rates for Migration

Due to the imbalance in the cUSD-USDC pool, the peg of cUSD is now being compromised. We're proposing to raise interest rates for all assets to 20%, and increase the interest rate by 5% a week until all debts have been paid.

There is currently $1.5 mil of collateral backing the total supply of $1.3 mil cUSD (Majority of collateral is stablecoins). This means that cUSD is fully backed and has a fair value of $1.

If this proposal passes the interest rate hike will begin on 6/23, which will allow users a week to fix their positions.