QIP234: Adjust Interest Rates on AERO Vault
network: Base author: Benjamin.lens implementor: QiDao Guardians implementation-date: Post-approval created: 2024-04-18
Summary
This proposal aims to make AERO vaults at QiDao a competitive and attractive option for AERO holders to source liquidity.
Abstract
The change proposed is to lower the interest rate on AERO vaults from 25% to 10%. No changes are requested for the collateralization ratio.
Motivation
As Chainlink has created an AERO feed, many lending markets will start integrating AERO as collateral. QiDao has to capitalize on its first mover advantage by establishing itself as the place to borrow with AERO. The only lending market that is currently planning to launch AERO as collateral is Sonne, with 30% LTV (333% min CDR).
Specification
Rationale
Lowering the interest rate to 10% will attract more borrowers to QiDao vaults. Community feedback so far has been that the current 25% IR is much to high.
Technical Specification
See parameter change below.
Configurable Values
Call setInterestRate function with “1000” value.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x6809...20e446 | 703,946 | Approve |
 0x5D22...5a142D | 116,215 | Approve |
 0xe0a4...996332 | 13,008 | Approve |
 0x88dc...89b1ae | 4,814 | Approve |
 0x412a...3d835F | 2,915 | Approve |
VOTE POWER
Proposal Status
- Mon April 22 2024, 11:29 amVoting Period Starts
- Thu April 25 2024, 11:29 amEnd Voting Period
Current Results
1-Approve
847,901.224