Increase premium quota for both USDC and AERO on USDC/AERO pair

Voting ended almost 2 years agoSucceeded

Currently for both USDC and AERO on the USDC/AERO pair, the utilization cap is 95% for premium (people with more than 10,000 veEQUAL) and 80% for non-premium. Both of those borrowing pools have been maxed out in the past weeks which clearly shows there is more demand than supply. So I would like to propose decreasing the non-premium limit in order to increase the quota for premium users.

Because the pool is maxed out all the time this won't result in decreased APYs for lenders with high probability. In addition, if this proposal passes it will result in more interest for EQUAL and will benefit the protocol.

I would like to propose 4 options:

No change in non-premium utilization cap
Decrease non-premium utilization cap to 80%
Decrease non-premium utilization cap to 75%
Decrease non-premium utilization cap to 70%

Off-Chain Vote

Non-premium to 70%

3.26M veEXTRA54.5%

Non-premium to 75%

56.6K veEXTRA0.9%

Non-premium to 80%

2.65M veEXTRA44.2%

No change

17K veEXTRA0.3%

Quorum:11964%

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Timeline

Apr 05, 2024Proposal created

Apr 06, 2024Proposal vote started

Apr 09, 2024Proposal vote ended

Apr 26, 2024Proposal updated