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
Loading…
- Author
0x13F3…296a
- IPFS#bafkreig
- Voting Systemsingle-choice
- Start DateFeb 29, 2024
- End DateMar 03, 2024
- Total Votes Cast2.3B JPEG
- Total Voters9
Timeline
- Feb 29, 2024Proposal created
- Feb 29, 2024Proposal vote started
- Mar 03, 2024Proposal vote ended
- Mar 03, 2024Proposal updated