Summary

Increase Azuki's collateral rate.

Background

On December 11, 2022, we conducted a governance vote on Proposition BIP #15, which seeks to increase the collateralization rate of blue chip NFTs, with the following results:

According to the governance rules, the voting interval for the same proposal is one month, so the ballot to increase Azuki LTV is now re-initiated:

Appendix

The rules of community governance:

https://docs.benddao.xyz/portal/governance/governance-mechanism

• Phase 1: Idea or Draft
  • Min. number of supports: 10 - Pass
  • Discord Idea: https://discord.com/channels/897709643948761148/1042606355153944576
• Phases 2: BIP
  • Min. number of voters: 10 - Pass
  • BIP#15: https://governance.benddao.xyz/t/community-review-bip-15-adjusting-blue-chip-nft-ltv-collateral-ratio/268
• Phase 3: On-chain voting
  • Voting Quorum: Approximately 41M veBEND (10% of the total supply)
  • Pass Rate: Over 80% Approve.
  • The voting will last for 3 days.