closedEnded a year ago · Snapshot (Offchain)
SAIP #54.3 - Increase MCR to 90% and decrease Liquidation Fee to 2% for sdeUSD cauldrons
By 0x941e...378De9
tl;dr This proposal seeks to adjust the parameters of the sdeUSD cauldrons on Abracadabra Money by increasing the Maximum Collateral Ratio (MCR) ratio to 90% and setting the liquidation multiplier to 2%. These changes are motivated by recent developments that have significantly mitigated potential downside risks, including the integration of a special whitelisted role enabling direct sdeUSD redemption into deUSD, and increased sdeUSD-deUSD liquidity that will enhance user experience during leverage operations.
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0Votes 5
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x350D...E3680B | 2.9B | For |
 0x9365...4efE35 | 2.801B | For |
 0x7172...984d3B | 31.551M | For |
 0xfa23...0564D1 | 1.382M | For |
 0xEab8...a062D1 | 500,577 | For |
VOTE POWER
0
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Proposal Status
- Thu December 19 2024, 01:11 pmVoting Period Starts
- Fri December 20 2024, 01:11 pmEnd Voting Period
Current Results
1-For
5.734B
Quorum 5.734B/3B