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Raise Punk Vault A from 2% to 4%

Voting ended about 2 years agoSucceeded

During the bear market, borrowing was minimal and raising public awareness from crypto native degens was priority #1

Currently, the calculus has changed significantly.

Both Cryptopunk Vault A and B are fully maxed out and over-subscribed.

Vault A currently has 3.25M of capacity. Vault B has 1.5M of capacity

Vault B (5% USD Borrow) has been fully slurped up.... usually within a week of opening the caps and is in massive demand still.

Raising interest rates on punk vault A to 4% would accrue $65k extra per year.

As such, the A-vault would be still be slightly under the current US treasury risk free (4.3%) and very competitive in todays borrowing markets.

Off-Chain Vote

Increase to 4%
138.2M JPEG6%
No increase
2.16B JPEG94%
Quorum:110%
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Timeline

Feb 29, 2024Proposal created
Feb 29, 2024Proposal vote started
Mar 03, 2024Proposal vote ended
Mar 03, 2024Proposal updated