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Extra FinanceExtra Financeby0x8B95aB83D350b6BA7e352cDD77FBF8b8f30f8d570x8B95…8d57

Reduce USDC Credit limit on SNX-USDC to $100,000

Voting ended almost 2 years agoSucceeded

The pool currently has $445K USDC credit available and a $500,000 credit limit which would profit users and veEXTRA holders more if it were reallocated to other higher profit pools.

There is only $93.3K TVL in the pool due to low returns and poor market perception of SNX prospects.

A lower credit limit will increase USDC utilization if the freed credit is reallocated to higher demand pools which will increase USDC rates, attract more deposits and increase profit potential for all users.

Off-Chain Vote

For
203.44K veEXTRA92%
Against
10.96K veEXTRA5%
Abstain
6.64K veEXTRA3%
Quorum:442%
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Timeline

May 30, 2024Proposal created
May 31, 2024Proposal vote started
Jun 03, 2024Proposal vote ended
Jun 03, 2024Proposal updated