Prop 228: Adjust Leaser Parameters (Neutron Noble USDC)

Summary

This proposal seeks to adjust a key parameter of the Leaser smart contract for the Neutron Noble USDC integration on the Nolus Pirin mainnet.

Increase in Protocol Interest:: Currently, the margin interest directed to the protocol for market buybacks of the NLS token is set at 4%. The proposal aims to increase this to 8%, enabling the protocol to double the daily buyback and removal of NLS tokens from circulation. To balance this change, a subsequent proposal will recommend lowering the base loan interest rate by 2%, ensuring that the maximum interest new borrowers pay at optimal utilization or higher would be set at 20.6% compared to the current 18.6%.

The proposed adjustments will apply only to new leases and will not affect existing lease positions.

By voting "YES" on this proposal, you agree to make these adjustments to the Neutron Noble USDC Leaser smart contract.