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Extra FinanceExtra Financeby0x70c9FafeA22ACC41Bda969F8ba2801af42456f51actionjaxon.eth

Risk Framework for Setting Farming Pool Requirements

Voting ended almost 2 years agoSucceeded

I propose that token votes should not be used to set collateral requirements, add farming pools, change leverage ratios, etc.

A quantitative risk framework should be used to add pools, set borrowing amount, set leverage ratios, etc. that is automatically or manually triggered when criteria are met.

e.g.

  1. Extra should not have more than X% collateral in Velo/Aero lending pool to prevent bad debt.
  2. Extra should not allow excessive leverage on low float tokens to prevent bad debt.
  3. ...

Not trying to be a buzzkill but it seems like every vote is requesting extra leverage or collateral on some pool, and there should be a quantitative method to set these parameters. Not sure what that method is, but maybe someone smarter than me can fill in the blanks.

Off-Chain Vote

Yes, set quantitative framework
902.96K veEXTRA29.5%
No, YOLO
2.16M veEXTRA70.5%
Quorum:6129%
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Timeline

Apr 15, 2024Proposal created
Apr 16, 2024Proposal vote started
Apr 19, 2024Proposal vote ended
Oct 22, 2024Proposal updated