The sfrxETH market, deployed with a low cap of 10m crvUSD for a gradual rollout, is coming close to its cap with 9,179,000 crvUSD debt currently.
The primary motivation of this vote is to expand the debt ceiling to avoid an upward crvUSD depeg from the addition of gauge incentives and to continue the rollout of crvUSD with an established collateral type: stETH.
Off-Chain Vote
re
0.14 BNB60.6%
rgreg
0.09 BNB39.4%
Timeline
Jun 24, 2023Proposal created
Jun 24, 2023Proposal vote started
Jun 27, 2023Proposal vote ended
Oct 26, 2023Proposal updated