dForce’s proposal to adjust the USDx reserve component currency has been passed and will take effect on July 30

The decentralization protocol dForce announced that the improvement proposal DIP003 to adjust the USDx reserve component currency has been passed and will come into effect on July 30th. The implementation process of the component currency adjustment plan is as follows: 1. Before 6:00 pm on July 30, users have the right to destroy USDx through the minting agreement and get one back according to the weight before adjustment (35% USDC + 35% PAX + 30% TUSD) The composition of the basket is stable currency; 2. After 6 p.m. on July 30th, USDx minting will follow the new weight (80% USDC + 10% PAX + 10% TUSD); 3. Starting at 6 p.m. on July 30th, now Some component currency reserves will be gradually consumed with the destruction of USDx (FIFO principle), that is, users will get 35 USDC, 35 PAX, and 30 TUSD for destroying 100 USDx, until the existing component currency reserves are consumed. Lianwen previously reported that dForce had previously initiated an improvement proposal DIP003 to adjust the USDx reserve component currency. In view of the growing market value of USDC, it is proposed to increase its ratio from 35% to 80%; due to the small market value of PAX and no support from the DeFi interest market, it is proposed to adjust its ratio from 35% to 10%; the market value of TUSD is combined , Secondary market liquidity and limited DeFi interest market support, it is proposed to adjust its ratio from 30% to 10%.