Increase RAI Collateral Factor
Summary
This proposal would increase the collateral factor of RAI to 45% (tier C4).
Motivation
RAI has been eligible for depositing into, and available for borrowing from Cream for two months. As one of the first partners that Reflexer had, Cream has been added to the rewards program meant to encourage RAI activity on secondary markets.
Currently, the Reflexer community is eagerly waiting to use RAI and borrow other assets against it while taking advantage of RAI’s embedded rate. This proposal is a first step in this direction as well as a way to further boost usage in the RAI Cream market.
Background
RAI is an asset backed only by ETH, governance-minimized, and programmed to maintain its own price stability without needing to peg to an external price reference like the USD. You can check RAI’s performance in the past months as well as the current integrations on Dune.
For Increase the collateral factor of RAI to 45%.
Against Do nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8b30...Ed27bB | 2,280 | For |
 0xe0Ba...882e3C | 539 | For |
 0x3999...7c1cC5 | 156 | For |
 0x5E0b...dA5bb4 | 32 | For |
 0xfaCE...1fF09e | 29 | For |
VOTE POWER
Proposal Status
- Mon May 10 2021, 11:00 amVoting Period Starts
- Thu May 13 2021, 11:00 amEnd Voting Period
Current Results
1-For
3,101.047