Title eIP41: increase-borrow-factors-for-ldo-rai-mim-frax-comp-aave-snx-bal-busd-crv-1inch-yfi-snx
Author: Seraphim Submission date: 02 Jan, 2023
Simple summary Increase the borrow factors to 0.70 for the following assets: LDO RAI MIM FRAX COMP AAVE SNX BAL BUSD CRV 1INCH YFI SNX. Also change the IRM model to Major (same as UNI, LINK).
Motivation While highest tier assets on Euler have risk factors reflecting their risk profile, longer-tailed assets have extremely restrictive risk factors. This makes borrowing them unviable. This proposal is intended to increase capital efficiency for borrowers and shorts.
Now that Euler implemented Chainlink oracles, the prospect of oracle manipulation has decreased significantly. This is why I think this proposal won’t significantly alter Euler’s risk profile.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa3Da...1946BA | 19,090 | YES - Increase Borrow Factors |
 0x66cD...B765F9 | 13,754 | YES - Increase Borrow Factors |
 0x31f4...39710d | 12,178 | NO - Do nothing |
 0xc8A6...9ddfFC | 11,422 | NO - Do nothing |
 0xeD95...efe33F | 9,690 | YES - Increase Borrow Factors |
VOTE POWER
Proposal Status
- Mon January 02 2023, 04:59 pmVoting Period Starts
- Sun January 08 2023, 04:59 pmEnd Voting Period
Current Results
1-YES - Increase Borrow Factors
60,184.218
2-NO - Do nothing
23,602.216