closedEnded 3 years ago · Snapshot (Offchain)
[GIP-69] Reduce min debt size for Credit Managers
By 0x031D...D5a2AAContinue Reading
Motivation:
Another side effect related to CRV price drop is connected with ca owners, which now has very strict limits like degenNFT & minimal debt (150K USDC atm). As long term consequences, it could reduce Credit Account (later - CA) usage.
Suggestion:
To democratise process of CA opening, the protocol could change these parameters:
-
reduce maxEnableTokens to 3 (from 8), which limits potential liquidation costs maxEnableTokens here is amount of token that are considered as collaterals in Credit Account. The higher value - higher potential liquidation costs.
-
reduce minDebt to Credit Managers:
- 25 eth for WETH CM (same for WETH CM for Curve v2 tokens),
- 50k DAI for DAI CM,
- 50k USDC for USDC CM,
- 1.65 WBTC for WBTC CM,
Voting
Simple Approve / Reject
Connect Wallet to Add Note
0Votes 114
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xC4CA...43153B | 33.333M | Approve |
 0x81E8...Fd2c08 | 32.583M | Approve |
 0xBE35...16CDa2 | 24.45M | Approve |
 0xdAb4...40a38D | 20.742M | Approve |
 0xb9b7...6CceeA | 19.883M | Approve |
VOTE POWER
0
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Proposal Status
- Thu August 10 2023, 08:16 amVoting Period Starts
- Sun August 13 2023, 08:16 amEnd Voting Period
Current Results
1-Approve
194.869M
2-Reject
12.94M
Quorum 207.81M/200M