DIP015 – Adjustment to Minting Fees for USX/EUX

Summary:

This proposal suggests to adjust the Minting Fee for USX EUR in dForce Lending to 1.5% APR across Ethereum, Arbitrum, and BSC.

Background:

USX and EUR are over-collateralized stablecoins native to dForce. Their minting fee it currently set at 3% APR, they are on the high end comparing with DAI and MIM.

The Minting Fee is currently collected by dForce as part of the Protocol Revenue, which will be distributed to DF stakers, subject to governance approval.

Motivation

To bring the minting fee in line with market, current fee level is too high and creates unnecessary barriers for adoption.

Proposal:

Adjust the minting fee for USX and EUR from 3.0% to 1.5%.