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Extra FinanceExtra Financeby0x646985bBB677653e5768139D354ca706F1858fCFnexus00

KLIMA/USDC Pool USDC Borrow Limit increase

Voting ended over 1 year agoSucceeded

KLIMA USDC pool continues to be at maximum borrow limit for usdc (currently 800,000).

The pool continues to generate good revenue in terms of emission rewards and the KLIMA token continues to support the ecosystem with significant bribes.

USDC utilisation is currently at 72.5% with approximately 6M USDC available to be lent. I therefore proposed a selection of options on how much to increase the lending to the pool.

A - 800k -> 1.2M B - 800k -> 1.5M C - 800k -> 2M

In each case the asset is likely to become fully utilised, both enhancing EXTRA revenue generation via increased Aero Emissions and higher borrow fees.

Off-Chain Vote

1.2M USDC Borrow Cap
62.08K veEXTRA0.7%
1.5M USDC Borrow Cap
10.14K veEXTRA0.1%
2M USDC Borrow Cap
8.55M veEXTRA99.2%
Quorum:17246%
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Timeline

Jul 26, 2024Proposal created
Jul 27, 2024Proposal vote started
Jul 30, 2024Proposal vote ended
Dec 21, 2024Proposal updated