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Cream FinanceCream Financeby0xb6e362900B7113F246A7e1c17E9746b3B9C079dBeasoncream.eth

Borrow Pause for CREAM

Voting ended about 5 years agoSucceeded

Summary

Pause the borrow of CREAM. Prevent CREAM from being borrowed.

For: Borrow Pause for CREAM Against: Do nothing

Motivation

As the token of the protocol, CREAM is not only essential to the community member, but also plays an important role as our governance token. For the sake of stability of CREAM, we should prevent CREAM from being borrowed.

This is an arguable implementation. However, it's also practiced among lending protocols.

Aave also prevents AAVE from being borrowed. Despite the reason might be different, but it's the same concept to stabilize and prevent the token from being manipulated. As protocol team, we consider this is a good implementation to the community and the whole protocol. Thus, we would like to implement via Borrow Pause.

After CREAM borrow is paused, existing borrowers are not affected.

========== Discussion link: https://forum.cream.finance/t/borrow-pause-for-cream/562

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Timeline

Jan 17, 2021Proposal created
Jan 17, 2021Proposal vote started
Jan 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated