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Cream FinanceCream Financeby0xe84f67ECa9eD5C69C0915B13533Eb09B63f0EdB10xe84f…EdB1

Increase RUNE Collateral Factor to 60%

Voting ended almost 5 years agoSucceeded

Summary

For: Increase the collateral factor of RUNE to 60%

Against: Do nothing, remain at current 0%

Motivation To increase the usage of Rune as a collateral for Cream Finance and help to increase and attract new users and capital. Currently, the collateral factor is set to 0% and Rune users are unable to borrow against the collateral.

Background See MagicRabbit's informative original proposal to list RUNE as a collateral asset here: https://forum.cream.finance/t/list-rune-as-collateral-asset/777 See henry14's proposal to increase the RUNE collateral factor here: https://forum.cream.finance/t/increase-collateral-factor-of-rune-to-10/1447 henry14 initially proposed 10%, but community feedback suggested 60% would be better. RUNE has a similar market cap and fully diluted market cap to SUSHI, and is worth more than ALPHA. It should have the same collateral factor as they do. RUNE has existed as an ERC20 token and been listed on Sushiswap for three months.

Please post any questions on henry14's thread, which he posted five days ago.

===== many thanks to MagicRabbit and henry14=====

Off-Chain Vote

collateral factor to 60%
91.25K 97.1%
do nothing
2.7K 2.9%
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Timeline

Apr 02, 2021Proposal created
Apr 03, 2021Proposal vote started
Apr 06, 2021Proposal vote ended
Oct 26, 2023Proposal updated