BIP#10-3 Adjust Liquidation Threshold to 75%
Summary
Based on the BIP#10, BIP#10-3 voting is created to decide whether the Liquidation Threshold should be reduced from 80% to 75%.
Voting and Implementation Timetable of Liquidation Threshold of BIP#10:
| Need Voting | Snapshot Start Time | Liquidation Threshold | Effective Time |
|---|---|---|---|
| NO | N.A. | 85% | August 30th, 12 pm UTC |
| NO | N.A. | 80% | September 6th, 12 pm UTC |
| Yes | September 6th, 12 pm UTC | 75% | September 13th, 12 pm UTC |
| Yes | September 13th, 12 pm UTC | 70% | September 20th, 12 pm UTC |
BACKGROUND
BIP#10-2 - Snapshot BIP#10 - Snapshot - Forum Proposal BIP#9 - Snapshot - Forum Proposal
SPECIFICATION
All BEND stakers are members of BendDAO.
Voting Quorum: 49.5M veBEND (20% of the total supply) Pass Rate: Over 80% Approve. The voting will last for 3 days.
Off-Chain Vote
For
8.79M veBEND20.1%
Against
35M veBEND79.9%
Abstain
6.49K veBEND0%
Timeline
Sep 06, 2022Proposal created
Sep 06, 2022Proposal vote started
Sep 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated