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mStablemStableby0xD8baE7d96df905E46718B6ceE3410F535e11bF200xD8ba…bF20

PDP16 / MCCP-3: Increase Save liquidator's weekly USD contribution

Voting ended almost 5 years agoSucceeded

Posted by a representative of the current mStable protocolDAO

As detailed in this forum post, it has been proposed that the maximum USD amount of liquidated COMP, AAVE and other lending platform tokens sent to boost the SAVE APY each week be increased.

The impacts of doing this will bolster the Save APY, and mean that concurrent proposals seeking to channel some of these Save APY flows to destinations other than savers (such as the Buyback and Make 2 proposal) will have a minimal impact on Save yields.

The forum discussion surfaced other alternatives to increasing the liquidation amount, such as allocating some of the COMP to other yield farming or lending opportunities. A further exploration into this has been presented as the final vote option as "alternatives"

As there are more than two choices, the option with the highest weight of votes in support of it will be executed or taken forward for further discussion (even if that option has less than 50% of governor support).

Should the weekly Save liquidator's weekly USD contribution be increased?

Off-Chain Vote

No, keep it at 5,000 USD
0 0%
Yes, increase it to 10,000 USD
104.84K 33.4%
Yes, increase it to 15,000 USD
698.35 0.2%
Yes, increase it to 20,000 USD
206.46K 65.7%
No, explore alternatives
2.23K 0.7%
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Timeline

Mar 07, 2021Proposal created
Mar 07, 2021Proposal vote started
Mar 13, 2021Proposal vote ended
Oct 26, 2023Proposal updated