Update ETH and wstETH Rate Curves - May 3rd, 2024
Summary:
This proposal updates the market rates for both wstETH (Wrapped Staked ETH) and ETH on Fluid to better reflect current market dynamics and optimize asset utilization.
Code Changes:
Update ETH Rate Curve:
- 0% Utilization: Rate 0%
- 70% Utilization: Rate 15%
- 90% Utilization: Rate 20%
- 100% Utilization: Rate 150%
Update wstETH Rate Curve:
- 0% Utilization: Rate 0%
- 70% Utilization: Rate 18%
- 90% Utilization: Rate 26%
- 100% Utilization: Rate 150%
Description:
This proposal seeks to align both the ETH and wstETH market rates on Fluid with the evolving economic conditions. The proposed adjustments aim to balance the demand and supply efficiently, enhancing the protocol’s appeal and stability for both borrowers and lenders.
Conclusion:
This proposal updates the market rates for ETH and wstETH on the Fluid liquidity layer, ensuring that the rates are competitive and aligned with broader market conditions. These updates will enhance stability and growth of the platform.
Forum Link: Update ETH and wstETH Market Rates on Fluid
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0xAa72...c44931 | 1.191M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0x4604...6A7329 | 500,000 | FOR |
 0x69F7...B5a567 | 336,692 | FOR |
VOTE POWER
Proposal Status
- Sun May 05 2024, 08:25 pmVoting Period Starts
- Tue May 07 2024, 08:45 pmEnd Voting Period
- Wed May 08 2024, 12:30 amQueue Proposal
- Thu May 09 2024, 12:36 amExecute Proposal
Current Results
1-FOR
4.788M
3-ABSTAIN
N/A Tokens