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Bag.winBag.winby0xE2be94B59a3A4Aef2F66Eb0dD73079da00315BF0miles

Give team discretion to adjust Aave position to avoid liquidation

Voting ended 11 months agoSucceeded

Background

There is a proposal that created the Aave position to fund operations while holding BTC and ETH: https://snapshot.box/#/s:decentralgames.eth/proposal/0x4340eb59ed541fadccf424f98572769594adf1f22483175ccca4b3c0644d4e87

Proposal

To clarify the prior proposal, give team discretion to adjust collateral and debt to avoid liquidation (death).

Rationale

It is important to avoid liquidation because we end up liquidated not when assets = debt, but 10-15% before that, resulting in a capital loss. Liquidation should be avoided at all costs because it's not only deadly but also costly.

Off-Chain Vote

For
246.11M BAG100%
Against
0 BAG0%
Abstain
0 BAG0%
Quorum:308%
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Timeline

Mar 02, 2025Proposal created
Mar 02, 2025Proposal vote started
Mar 05, 2025Proposal vote ended
May 16, 2025Proposal updated