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Arable ProtocolArable Protocolby0x34aBD0D41200d717Df3465755099903f384991550x34aB…9155

Decrease the collateralization ratio of $ACRE

Voting ended over 3 years agoSucceeded

Summary:

This proposal aims to decrease the collateralization ratio of $ACRE.

Motivation:

Reducing the collateralization ratio of $ACRE from 400% to 300% will add more value to $ACRE as a collateral asset allowing minters to mint more $arUSD.

Benefits:

$arUSD is vital to Arable Protocol and its users. More $arUSD liquidity allows more traders and farmers to swap between different synthetic assets via the Arable DEX. Reducing the collateralization ratio will incentivize the creation of more $arUSD liquidity.

Voting process:

For: Change collateral ratio of $ACRE from 400% to 300% Against: Do nothing

Off-Chain Vote

Change collateral ratio of $ACRE
80.49M ACRE100%
Do nothing
0 ACRE0%
Quorum:805%
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Timeline

Aug 24, 2022Proposal created
Aug 24, 2022Proposal vote started
Aug 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated