RIP-15 (FUSE) Update ALCX IRM on Pool3

Voting ended almost 5 years agoSucceeded

Summary: This proposal aims to adjust the IRM for ALCX within Pool3 to ensure that suppliers are able to withdraw and the market remains healthy

Background: ALCX staking rates are currently exceeding the maximum borrow rates of the Pool3 ALCX asset. For this reason, it is not in borrowers interest to pay their interest.

Abstract: Updated IRM model here: https://drive.google.com/file/d/16UO2wtrulzZEfRW_VXUVYgC9BY4WYUrw/view?usp=sharing

Staking APR = ALCX staking APR

Motivation: Ensure that Pool3, specifically ALCX in Pool3, remains healthy

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Update ALCX IRM

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Timeline

Mar 22, 2021Proposal created

Mar 22, 2021Proposal vote started

Mar 24, 2021Proposal vote ended

Oct 26, 2023Proposal updated