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Magic Internet MoneyMagic Internet Moneyby0x941ec857134B13c255d6EBEeD1623b1904378De9romy.eth

SAIP #54.3 - Increase MCR to 90% and decrease Liquidation Fee to 2% for sdeUSD cauldrons

Voting ended over 1 year agoSucceeded

tl;dr This proposal seeks to adjust the parameters of the sdeUSD cauldrons on Abracadabra Money by increasing the Maximum Collateral Ratio (MCR) ratio to 90% and setting the liquidation multiplier to 2%. These changes are motivated by recent developments that have significantly mitigated potential downside risks, including the integration of a special whitelisted role enabling direct sdeUSD redemption into deUSD, and increased sdeUSD-deUSD liquidity that will enhance user experience during leverage operations.

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Discussion

Magic Internet MoneySAIP #54.3 - Increase MCR to 90% and decrease Liquidation Fee to 2% for sdeUSD cauldrons

Timeline

Dec 18, 2024Proposal created
Dec 19, 2024Proposal vote started
Dec 20, 2024Proposal vote ended
Feb 27, 2025Proposal updated