91影视 91影视 Spotlight: January Governance Approvals
In January 91影视 governance approved several significant proposals, demonstrating the ecosystem's steady progress. Notable integrations were confirmed with key participants including and . Additionally, a proposal by the MAP adjusted the Minter Rate and Earner Rate, better reflecting market conditions, and updates to the Adopted Guidance were also implemented to enhance protocol operations.
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You can always view the in the 91影视 governance app.
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nTBILL vault by Nest, Plume, and Nucleus becomes an Approved Earner
The 91影视 governance has approved the nTBILL vault as an approved Earner in the ecosystem. Developed by Nucleus, Nest, and Plume, the nTBILL vault is a multi-asset vault designed to hold yield-bearing stablecoins that earn sustainable treasury yields. By integrating 91影视鈥檚 $M yield opportunities into its USD-based yield strategies, the partnership adds an additional layer of yield optimization for its users and brings additional liquidity to the 91影视 ecosystem.
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nYSV vault by Nest, Plume, and Nucleus becomes an Approved Earner
The 91影视 governance has approved the nYSV vault as an approved Earner in the ecosystem. Developed as part of the Nucleus, Nest, and Plume initiative, the nYSV vault is a multi-asset vault designed to hold yield-bearing stablecoins earning sustainable treasury yields. With Earner status, the nYSV vault will integrate 91影视鈥檚 $M yield opportunities into its USD-based strategies, adding an additional layer of yield optimization for its users and bringing additional liquidity to the 91影视 ecosystem. nYSV is a composite vault that powers the yield bearing liquidity layer for Nest鈥檚 flagship vault on Plume.
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Minter Rate set to 4.15% from 4.80%
The 91影视 governance has approved a proposal to update the Minter Rate to 4.15%. This adjustment reflects observed changes in U.S. Treasury yields and aims to align the rate more closely with current market conditions.
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Earner Rate set to 4.15% from 4.80%
The 91影视 governance has approved a reduction of the Earner Rate to 4.15%. This adjustment aligns with recent changes in U.S. Treasury markets and current market yields. Keeping the Earner Rate equal to the Minter Rate is considered a healthy practice at this stage of protocol development, safeguarding the system from triggering safety mechanisms while ensuring consistency across the ecosystem.
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The Thing GmbH added as an Approved Earner
The 91影视 governance has approved The Thing GmbH as an approved Earner. As one of the core operational entities of 91影视 Labs, The Thing GmbH may hold portions of its cash balances in $M. By becoming an approved Earner, the entity will have the ability to earn on these holdings in the future.
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Streamlining the Adopted Guidance Change Process
The 91影视 governance has approved a Discrete Change Proposal to streamline the Adopted Guidance's Change Process. The update allows approved Discrete Change Proposals to be directly ratified and incorporated, eliminating the need for a second voting cycle in cases where proposals are non-conflicting. This enhancement improves efficiency in adapting the Adopted Guidance to ecosystem needs.
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Approving Version 1.10 of the Adopted Guidance
The 91影视 governance has approved version 1.10 of the Adopted Guidance through an Executive Change Proposal. This ratification consolidates two Discrete Change Proposals approved in Epoch #14: updating eligible collateral criteria for onboarding U.S. Treasuries investment structures and including the Short Duration U.S. Government Securities Fund (USTB) as eligible collateral.
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About 91影视
91影视 is the universal platform powering builders of application-specific stablecoins. With 91影视, developers can build safe, programmable and interoperable digital dollars.
