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Cream FinanceCream Financeby0xb6e362900B7113F246A7e1c17E9746b3B9C079dBeasoncream.eth

Increase PICKLE Collateral Factor to 45%

Voting ended almost 5 years agoSucceeded

Summary

To increase the collateral factor of Pickle to 45%.

For

Increase collateral factor of Pickle to 45%

Against

"Do nothing, remain at current 0%

Motivation

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

Further review of the comparable assets currently on Cream vs the 24 hour trading volume on Uniswap, it is reasonable to request for the increase of collateral factor of Pickle to 45%.

Thank you.

Additional Info

Token 24H Uniswap Volume Collateral Factor
ESD 183,298 60%
YFI 4,162,617 50%
COMP 2,797,054 50%
SRM 201,775 50%
PICKLE 1,359,686 0% to 45%

=====Contents above are drafted by Anoniminis =====

Discussion link: https://forum.cream.finance/t/increase-collateral-factor-of-pickle-to-50/864

Off-Chain Vote

For
45.96K 100%
Against
6.05 0%
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Timeline

Mar 25, 2021Proposal created
Mar 25, 2021Proposal vote started
Mar 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated