Silo

Please vote on the following proposals:

Change 1: Change crvUSD IRM parameters Reason: We propose slight changes to slow APR growth/decrease when utilization is outside the optimal region to give borrowers ample time to adjust positions without paying excessive rates. The change will help retain borrowers.

What does the change do?

• It slows APR growth when utilization is outside the optimal region (above 80%.)
• It slows down the APR decrease when utilization goes down from a point above optimal to a point below.

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Change 2: Change CRV IRM parameters Reason: The Change moves the max opt point (uopt) to 65%, effectively resulting in stable APRs when utilization (U) is in the region 1% to 65% rather than 1% to 50%. The change will help increase CRV’s borrowings and retain current borrowers.

What does the change do?

• APRs start growing when utilization is above 65% rather than 50%, which is in effect today.
• APRs start declining when utilization moves down from a point above 65% to a point below.

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Change 3: Update crvUSD price provider
The new price provider (oracle) reads the price of crvUSD from the Curve crvUSD-USDC pool instead of crvUSD-USDT pool.

• Old price provider: CrvUSDViaUSDCPriceProviderETH | Address 0xa1c2837b7A899d6f89282e9bE9f1496D12e86bBa | Etherscan
• New price provider: CrvUSDViaUSDCPriceProviderETHV2 | Address 0x1781452eD27BbA7fA8932b2D839F244FaCd23a27 | Etherscan

Execution:
 Queuing transaction to affect changes 1 and 3. The transaction will be executed if the proposal passes.

https://app.safe.global/transactions/tx?id=multisig_0xE8e8041cB5E3158A0829A19E014CA1cf91098554_0x83ca3306670b6c2911d5b7889ecfba61e853d228d18f9dcfdbb5cf0ac24200f6&safe=eth:0xE8e8041cB5E3158A0829A19E014CA1cf91098554