Tldr: This proposal aims at increasing the MIM cap for the secondary sdeUSD cauldron from 10 million to 20 million. This expansion is justified by the robust risk mitigation provided by instant deUSD redemptions into DAI and USDT for liquidation purposes provided by the elixir team, ensuring system stability and safety.

Updated Parameters

The revised cap for the secondary sdeUSD cauldron is as follows:

• MIM Cap: Increased from 10 million to 20 million

• Interest Rate: 9.6%

• Borrow Fee: 0.5%

• Minimum Collateralization Ratio (MCR): 85%

• Liquidation Fee: 7.5%