Hi Everyone!

Regarding our plans to change the stability fee from 1.9% to 10%, please note that:

– All CDPs that are already open will remain at 1.9%. However, if you withdraw part of your collateral, or mint $USDP from this particular CDP then the rate of 10% will apply;

– The 10% stability fee will be in effect for all new CDPs;

– We plan to lower the fee again once the peg has stabilized.

Hope that’s all clear, but let us know if you have any questions.

Quack on