We’ve been looking at the current Tropykus market data to assess how the proposed $6k interest subsidy, covering up to $100k in borrowing volume over the 6-month period you mentioned, fits within existing liquidity conditions, and we have some concerns around potential bottlenecks.
Because USDRIF is currently at ~95.8% utilization with only ~$52K available to borrow, meaning the pilot cannot realistically reach its target using USDRIF under current conditions. If borrowing shifts to DOC instead, where utilization is already ~88.5%, adding ~$100K in new debt would likely push the pool past the ~90% and spike utilization rates, potentially impacting organic, pre-incentive users.
Given this, we’d like to ask whether you’ve thought about a plan to attract additional stablecoin depositors alongside the pilot, as without parallel supply-side growth, the program risks straining available liquidity and distorting interest rates for the broader Rootstock community.