Abstract Create tiered interest vaults for NFT collections at or nearing debt ceilings.
Background Users of eligible NFTs can borrow either pETH or PUSd at fixed interest rates (5% and 2%, respectively) up to specified debt ceilings. This PIP would authorize the creation of new vaults (CryptoPunks-A, CryptoPunks-B, CryptoPunks-C) with new debt ceilings and higher interest rates. This helps normalize demand with yield supply generated from yield farming on JPEG'd.
Specifications Launch CryptoPunks-B vault for pETH with a 1,500 pETH debt ceiling. Launch BAYC-B vault for pETH with a 1,000 pETH debt ceiling Launch MAYC-B vault for pETH with a 250 pETH debt ceiling.
Interest for these B vaults will be 10% annually.