IIP-42: ETH2x-FLI Parameter Update #6 [Second Submission]
iip: 42 title: ETH2x-FLI Parameter Update #6 status: Proposed author: Allan Gulley (@allan.g) discussions-to: https://gov.indexcoop.com/t/iip-42-eth2x-fli-parameter-update-6/1536 created: May 17, 2021
Simple Summary
Raise the supply cap of the ETH2x-FLI from 400,000 units to 600,000 units.
Abstract
Adjust the following parameters on the ETH2x-FLI:
- Raise the supply cap to 600,000 units.
Motivation
The initial ETH2x-FLI launch employed a guarded roll-out to ensure stability because it is a riskier leveraged product. The initial supply cap was at 50,000 units and it has been raised on three separate occasions as the system has been validated:
- IIP-20: increase supply cap from 50,000 to 100,000 units
- IIP-23: increase supply cap from 100,000 to 200,000 units
- IIP-30: increase supply cap from 200,000 to 400,000 units
At time of writing (05/17/21 @ 5:00pm US EST), the total unit supply of ETH2x-FLI is ~392,000, which represents ~98% of the current supply cap. For this reason, we recommend raising the supply cap to 600,000 units.
FOR
- Increase the supply cap to 600k
AGAINST
- Do not increase the supply cap to 600k (leave at 400k)
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x4EC7...043DF0 | 68,569 | FOR |
 0xDA51...790fa0 | 55,554 | FOR |
 0x1b11...6A1CB7 | 22,150 | FOR |
 0x042a...5D1272 | 18,040 | FOR |
 0x5de4...214043 | 10,003 | FOR |
VOTE POWER
Proposal Status
- Sun May 23 2021, 08:30 pmVoting Period Starts
- Wed May 26 2021, 08:30 pmEnd Voting Period
Current Results
1-FOR
251,297.766