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Extra FinanceExtra Financeby0x60e2A70a4Ba833Fe94AF82f01742e7bfd8e18FA0dogudenizugur.eth

Increase USDC max Borrow for USDC/AERO to $10,000,000 on Base

Voting ended almost 2 years agoSucceeded

I would like to propose increasing the USDC Credit Limit (vAMMV2-USDC/AERO) from $7,000,000 to $10,000,000 on the Base network. In the past weeks, the USDC borrow on the USDC/AERO pool was bottlenecked by the 95% utilization limit. Currently, it is limited by the Credit Limit of USDC. 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 $10,000,000. As the current lent amount is $10,753,000 at the time of writing, this limit should suffice. Screenshot 2024-04-09 at 21.01.55.png

Off-Chain Vote

For
9.41M veEXTRA98.4%
Against
130.4K veEXTRA1.4%
Abstain
20.13K veEXTRA0.2%
Quorum:19128%
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Timeline

Apr 09, 2024Proposal created
Apr 10, 2024Proposal vote started
Apr 13, 2024Proposal vote ended
Apr 26, 2024Proposal updated