UIP002 - Reduce The LTV Ratio to 0 for TUSD
Summary
This proposal aims to reduce the LTV (Loan-to-Value) ratio for TUSD to 0.
Motivation
The TUSD stablecoin experienced a slight depegging on November 22nd, dropping to as low as 0.9955 before restoring its peg. This incident was primarily due to a surge in selling orders.
The incident highlights the potential impact of large order blocks on liquidity and the potential for slippage. Therefore, we propose reducing the Loan-to-Value (LTV) ratio for TUSD to 0 in order to more effectively mitigate potential risks and enhance the protection of our users and assets within the Unitus ecosystem.
Specification
| Asset | Parameter | Current | Proposed |
|---|---|---|---|
| TUSD | Loan-To-Value | 85% | 0% |
- Applicable to all networks where USDC is active.
Off-Chain Vote
Support
11.72M DF100%
Against
0 DF0%
Timeline
Nov 28, 2023Proposal created
Nov 28, 2023Proposal vote started
Dec 01, 2023Proposal vote ended
Dec 01, 2023Proposal updated