closedEnded 3 years ago · Snapshot (Offchain)
Reduce emissions to tfTUSD and tfBUSD pools
By 0xFAeF...5B8469Continue Reading
Summary
Reduce TRU emissions to tfTUSD and tfBUSD due to limited recent activity in these pools.
If approved, the following changes would be implemented next Monday Oct 24:
- Decrease tfTUSD emissions from 10,000 TRU/day to 0 TRU/day
- Decrease tfBUSD emissions from 40,000 TRU/day to 20,000 TRU/day
Rationale
- New loans have not been made from either pool since July, and little capital has flowed into these pools over the past several months.
- In line with the overall objective to reduce TRU emissions, TrueFi should decrease TRU to these pools. TrueFi currently emits 40,000 TRU/day to tfBUSD and 10,000 TRU/day to tfTUSD.
- tfTUSD emissions would be reduced to 0 immediately, as there is currently no loan activity in this pool.
- tfBUSD emissions would be reduced by 50% to 20,000 TRU/day to start, and then further reduced as outstanding ~$4mm in loans are repaid (assuming no demand for tfBUSD product changes). This gradual decrease serves to compensate lenders who remain in the pool for the life of current outstanding loans.
Read more discussion in the forum here.
Connect Wallet to Add Note
0Votes 21
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xCB2C...Ef0c47 | 5.394M | YES, I support |
 0xCAD8...f4f4D3 | 4.771M | YES, I support |
 0xf91d...a95dA4 | 3.507M | YES, I support |
 0x7d96...576D34 | 3.276M | YES, I support |
 0xFeE8...c8B2b7 | 601,235 | YES, I support |
VOTE POWER
0
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Proposal Status
- Mon October 17 2022, 04:51 pmVoting Period Starts
- Mon October 24 2022, 05:00 pmEnd Voting Period
Current Results
1-YES, I support
18.592M