Kolibri Governance Proposal #6 - Continuous Increase of the Stability Fee to Reach Peg

The EMA10 of kUSD is 11.82 (-9.01%) since the last stability fee adjustment.

The Hover Labs Team is preparing signatures to continue to carry out proposal 6 by increasing the the stability fee an additional 1% to 5.5%. We plan to inject this 48 hours after the initial request, on or after March 11 23:45GMT.

We will update this thread when the change has been submitted to the timelock.

Publicly viewable EMA10 data is available here:
https://p.datadoghq.com/sb/e72980047-41e546b0c453a72015620c4d8002646b?from_ts=1614802054474&live=true&to_ts=1615406854474&tpl_var_network=mainnet

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