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Extra FinanceExtra Financeby0x0e4f56aD5fB2BaCD929bdCD30c98B105840318600x0e4f…1860

Higher borrow quota for veExtra holder

Voting ended about 2 years agoSucceeded

As borrow power is getting to it's limit on several pools, the idea of giving an extra percentage of quota for veExtra holder proportional to their holding.

Many pools already have reached the cap of borrowing (eg: AERO/USDC for usdc borrowing), as demand surpassed the offer

The proposal would enhance the value of Extra as another argument to buy it and stake it.

The idea would be in practice that a fixed percentage of the borrowing power for a given pool is available exclusively for veExtra holders. An indication on the website, in the pool page when there is no borrow liquidity available for non-Extra holder, would be welcome to encourage people more for holding Extra.

The options for the fixed ratio per pool are:

Off-Chain Vote

5%
135.86K veEXTRA9.8%
10%
47.38K veEXTRA3.4%
15%
1.72K veEXTRA0.1%
20%
1.21M veEXTRA86.7%
Quorum:2787%
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Timeline

Mar 19, 2024Proposal created
Mar 20, 2024Proposal vote started
Mar 23, 2024Proposal vote ended
Mar 23, 2024Proposal updated