Team adjust rates every month without vote.
Our current system, which necessitates a monthly vote to determine these rates, has served us well in its time. However, the landscape of NFT loans is dynamic and ever-changing, requiring a more agile response to market conditions.
Efficiency and Trust in Our Team
In the spirit of trust and efficiency, I propose that we empower our esteemed team to adjust the rates independently every month. This delegation of responsibility would eliminate the need for a cumbersome voting process, ensuring that our response to market fluctuations is both swift and informed.
Competitive Edge
Our competitors are vigilant, and we must be no less. To remain competitive, I suggest that our rates be set within 5 percent of the prevailing market rates for NFT loans. This strategic flexibility will allow us to stay attractive to borrowers while safeguarding our interests.
Maintaining Integrity and Accountability
I understand the concern that may arise from such a delegation of power. Hence, I advocate for a transparent process where the team provides a monthly report on rate adjustments and the market conditions that influenced these decisions. This ensures accountability and keeps our community informed and engaged.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xE470...dAC46D | 1.816B | yes |
 0x1Ddb...1253Bc | 1.356B | yes |
 0xd3Ae...c661c0 | 1.238B | no |
 0x6800...1cF4e0 | 953.702M | no |
 0x2797...93559D | 385.138M | yes |
VOTE POWER
Proposal Status
- Thu June 27 2024, 06:08 pmVoting Period Starts
- Sun June 30 2024, 06:08 pmEnd Voting Period
Current Results
1-yes
4.311B
2-no
2.192B