stUSDS 23.59% APR,借贷挤兑处理的经典案例,推荐新人阅读理解: 1/首先高利率已经维持了一段时间,这背后是借贷池中资金被借空导致的利率曲线上升,此时存款人虽然得到高利息,但想提款就非常困难了。正常情况下这种设计会逼迫borrower在高利息环境下还钱,然后池子里有钱了,存款人就能提款。 2/这种情况下其实就算挤兑了,如果抵押品有问题,类似之前某些合成稳定币内部已经亏损,那么borrower就不会还钱了,因为借走的钱可能价值已经超过了抵押品。但如果抵押品是健康的,那么这是一个供需平衡的问题。 3/Sky发布了一项优化提案,主要有3项内容: (1) 激励部署一个stUSDS-USDS Curve Pool,以便存款人即使在无法提款的情况下也能以折扣价退出。 (2) 建立以stUSDS为抵押品的借贷市场。 (3) 将清算LTV从145%降低至120%。 建立Curve Pool是最明智的做法,短期内也是最有效的,着急提款的人可以从二级市场退出,而对stUSDS有信心的人可以通过折价买入进场。 建立以 stUSDS 作为抵押品的借贷市场,等于又套了一层娃,对于缓解挤兑作用比较有限,但能进一步增加stUSDS的需求。 降低LTV门槛,这个改动有些向borrower倾斜,官方本意是给borrower更多的还款空间和时间,但对存款人没有实质的利好,同时会增加风险。 目前池中的资金利用率还在98%-100%,理论上Curve Pool上线后会有缓解,目前这个状态不建议新人去碰,仅做解读。如果你对USDS足够熟悉,这其中可能有一些机会。
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