Disabling XAI as collateral in the protocol
Proposal You are voting to disable XAI collateral in the protocol.
The snapshot proposal is the second step we take to gauge temperature before we move to onchain proposals (Tally).
For reference, please check the Discussion section for a link to a governance topics that explains the proposal.
If the snapshot proposal is passed, disabling XAI will take place over 2 phases.
Phase 1: XAI will be disabled in markets where XAI is NOT deposited as collateral to borrow other assets. Markets include:
XAI-WETH RPL BAL FXS QNT MKR WBTC RAI UNI SNX wstETH ALCX FRAX DAI YFI CVX CRV 1INCH LUSD gOHM LINK USDT XAI-WETH
Phase 2: In other markets where XAI collateral is borrowing other assets, we will make the change as soon as users, organically, pay back loans. We reiterate, we will NOT force repayment or liquidations of open positions. Markets include: OHM rETH AURA USDC cbETH LQTY
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x7717...b7bbCF | 5.872M | Yes - Let's do it |
 0x3304...431b29 | 4.11M | Yes - Let's do it |
 0xe7DB...cCE3Af | 800,000 | No - I am against it |
 0x245A...4eA5BC | 164,761 | Yes - Let's do it |
 0x623E...a80Fd7 | 119,989 | Yes - Let's do it |
VOTE POWER
Proposal Status
- Mon April 24 2023, 05:52 pmVoting Period Starts
- Thu April 27 2023, 05:52 pmEnd Voting Period
Current Results
1-Yes - Let's do it
10.36M
2-No - I am against it
884,898.469