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Extra FinanceExtra Financeby0x60e2A70a4Ba833Fe94AF82f01742e7bfd8e18FA0dogudenizugur.eth

Increase AERO max Borrow for USDC/AERO to $12,000,000 on Base

Voting ended almost 2 years agoSucceeded

I would like to propose increasing the AERO Credit Limit (vAMMV2-USDC/AERO) from $10,000,000 to $12,000,000 on the Base network. In the past weeks, the AERO borrow on the USDC/AERO pool was bottlenecked by the 95% utilization limit. Currently, it is limited by the Credit Limit of AERO. In order for farmers to be able to increase their positions and for lenders to earn higher APY thanks to higher utilization, I would like to propose increasing the limit to $12,000,000. As the current lent amount is $12,034,450 at the time of writing, this limit should suffice.

Off-Chain Vote

For
2.78M veEXTRA98.5%
Against
41.61K veEXTRA1.5%
Abstain
0 veEXTRA0%
Quorum:5640%
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Timeline

Apr 11, 2024Proposal created
Apr 12, 2024Proposal vote started
Apr 15, 2024Proposal vote ended
Apr 26, 2024Proposal updated