Increase total WETH borrowing cap
WETH borrowing has reached the limit and all WETH pairs are currently blocked for opening new positions. (97% utilization rate)
Let's keep the utilization cap around 85% so the Premium veEXTRA stakers can still open positions, and drive demand for staking.
For the next immediate cap increase, proposing to increase the total WETH borrowing cap to 4000.
Off-Chain Vote
For
212.1K veEXTRA33.7%
Against
398.03K veEXTRA63.2%
Abstain
20.15K veEXTRA3.2%
Quorum:1261%
Timeline
Apr 12, 2024Proposal created
Apr 13, 2024Proposal vote started
Apr 16, 2024Proposal vote ended
Aug 07, 2024Proposal updated