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Extra FinanceExtra Financeby0x7aCe706FC27E79cf883f9B23A48bd1e620113F880x7aCe…3F88

Increase USD+ borrow limit on OVN-USD+

Voting ended almost 2 years agoDefeated

In response to the escalating demand for the OVN-USD+ pool, it has become evident that the current borrowing limit of 250k USD+ no longer meets the needs of our users. The pool's performance and the growing interest in USD+ as a stable and reliable asset underscore the necessity for an adjustment to our borrowing parameters.

Given the solid performance of the OVN-USD+ pool and its pivotal role in facilitating efficient capital flows within the ecosystem, an enhancement of the borrowing limit is proposed. To align with the heightened demand and to further stimulate participation and liquidity within the pool, it is recommended that the USD+ borrowing limit be increased to a minimum of 500k USD+.

Off-Chain Vote

For
811.26K veEXTRA26.7%
Against
2.21M veEXTRA72.9%
Abstain
10.94K veEXTRA0.4%
Quorum:6066%
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Timeline

Apr 02, 2024Proposal created
Apr 03, 2024Proposal vote started
Apr 06, 2024Proposal vote ended
Apr 06, 2024Proposal updated