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Cream FinanceCream Financeby0xb6e362900B7113F246A7e1c17E9746b3B9C079dBeasoncream.eth

Increase Collateral Factor of CREAM to 75%

Voting ended about 5 years agoSucceeded

Summary

Increase collateral factor of CREAM to 75%

For: Increase collateral factor of CREAM to 75% Against: Do nothing

Motivation

Increase collateral factor of CREAM to 75% would grant more utility to CREAM, allowing CREAM holder to leverage CREAM with more borrowing power.

Currently collateral factor of CREAM is 45%, an average level of collateral factor. As protocol team, we consider we can take this aggressive move on our own token of the protocol.

========== Discussion link: https://forum.cream.finance/t/increase-collateral-factor-of-cream-to-75/563/3

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Timeline

Jan 18, 2021Proposal created
Jan 18, 2021Proposal vote started
Jan 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated