executedEnded 6 years ago · Onchain
Upgrade cUSDT Interest Rate Model
By 0x54A3...61E189Continue Reading
Recently, Dharma led the community to release a new upgradable interest rate model contract for cDAI based on the new JumpRateModelV2. This proposal updates the cUSDT interest rate model to a recently deployed JumpRateModelV2 with the same parameters as the current cDAI interest rate model:
- 0% base rate (current 2%)
- 4% borrow rate at kink (current 22%)
- Kink at 80% utilization (current 90%)
- 25% borrow rate at 100% utilization (current 49%) This proposal begins the effort of setting a standardized interest rate model for all stablecoins on Compound.
New interest rate model contract
Proposed cUSDT interest rate model:
Proposal by Arr00
Connect Wallet to Add Note
0Votes 37
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xeD40...5608fF | 325,815 | FOR |
 0x6626...15c35c | 125,037 | FOR |
 0xAC57...72FaF6 | 105,043 | FOR |
 0x54A3...61E189 | 100,017 | FOR |
 0x7e4A...8B19Fa | 100,014 | FOR |
VOTE POWER
0
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Proposal Status
- Published Onchain0x54A3...61E189
- Sun August 16 2020, 06:48 pmVoting Period Starts
- Wed August 19 2020, 10:41 amEnd Voting Period
- Wed August 19 2020, 10:55 amQueue Proposal
- Fri August 21 2020, 12:27 pmExecute Proposal
Current Results
1-FOR
898,364.5
2-AGAINST
1.976