PIP-35: Increase JPEG LTV Boost Max for Punks and BAYC
Abstract Users can currently increase their LTV by 15% locking JPEG for a duration they specify. This proposal would increase the max LTV boost to 25% by locking additional JPEG for CrytoPunks and BAYC vaults only.
Specifications Increase LTV for Punks and BAYC by up to 25% by locking JPEG. The JPEG required to boost would be the (new credit limit - base credit limit) * 20% in JPEG.
Example NFT Floor = 100 ETH Max JPEG boost = 25 ETH Base LTV max = 35 ETH New LTV max with JPEG boost = 60 ETH Assumed JPEG price = $0.001 Assumed ETH price = $1,000 (60 ETH - 35 ETH ) * 20% = 5 ETH = 5m JPEG
This PIP would also fix a bug in which users were able to get JPEG refunds if they re-locked their positions if JPEG was at a higher price than the initial lock.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8962...Da11E5 | 1.446B | Yes approve new JPEG boost |
 0xE470...dAC46D | 441.05M | Yes approve new JPEG boost |
 0x88a6...1E7FC3 | 382.605M | Yes approve new JPEG boost |
 0x6A09...2c45f7 | 71.849M | Yes approve new JPEG boost |
 0xe93A...c8B3db | 66.775M | Yes approve new JPEG boost |
VOTE POWER
Proposal Status
- Mon January 30 2023, 09:41 pmVoting Period Starts
- Thu February 02 2023, 09:41 pmEnd Voting Period
Current Results
1-Yes approve new JPEG boost
2.541B
2-No
1.711M