Update weETHs/wstETH Vault Parameters and funding for Cantina competition
Summary
This proposal involves increasing borrowing caps for the weETHs/wstETH vault and transferring stETH from the treasury for the Cantina competition.
Code Changes
- Update weETHs/wstETH Vault Parameters:
- Current borrowing Limit: 3250 wstETH
- Proposed borrowing Limit: 6500 wstETH
Description
The proposal updates borrowing caps as adjusted above which will help align with current market conditions. It also facilitates 150 stETH transfer, from the Instadapp Treasury to the Team’s Avocado Multisig: 0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e for the Cantina competition.
Conclusion
The proposed adjustment the borrow limit changes are designed to better reflect the current lending environment and economic conditions affecting weETHs.
The funding for Cantina competition will improve Fluid security to enhance the protocol’s competitiveness and market positioning.
Forum Links:
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xa761...834324 | 1.51M | FOR |
 0xAa72...c44931 | 1.191M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0xe9cC...31aA9F | 500,000 | FOR |
 0x4604...6A7329 | 500,000 | FOR |
VOTE POWER
Proposal Status
- Sat September 07 2024, 09:54 pmVoting Period Starts
- Mon September 09 2024, 10:09 pmEnd Voting Period
- Mon September 09 2024, 10:40 pmQueue Proposal
- Tue September 10 2024, 10:45 pmExecute Proposal
Current Results
1-FOR
5.172M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens