[GIP-71] Reduce min debt size for Credit Managers. Upd
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 ca usage.
Suggestion
To democratise process of CA opening, the protocol could change these parameters:
-
reduce maxEnableTokens to 4 (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:
- 30 eth for WETH CM (same for WETH CM for Curve v2 tokens),
- 60k DAI for DAI CM,
- 60k USDC for USDC CM,
- 2 WBTC for WBTC CM.
Previous discussion & proposal
GIP-69 were launched last week, but during voting community decided to change maxEnableTokens to 4 instead of 3. As result of it, changing limits from ~50k$ to 60k$.
Voting
Simple Approve / Reject
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xeEEC...3665a3 | 54.342M | Approve |
 0xC4CA...43153B | 33.333M | Approve |
 0x81E8...Fd2c08 | 32.581M | Approve |
 0xb9b7...6CceeA | 19.882M | Approve |
 0x76d2...6Cfb0D | 15.062M | Approve |
VOTE POWER
Proposal Status
- Tue August 15 2023, 10:26 amVoting Period Starts
- Fri August 18 2023, 10:26 amEnd Voting Period
Current Results
1-Approve
203.712M
2-Reject
301,746.58