QIP205: Update Risk Parameters for WETH V2 Vaults

Voting ended over 2 years agoSucceeded

This proposal seeks to lower the minimum collateral to debt ratio (min. CDR) of WETH V2 vaults to 120% CDR.

Currently, WETH V2 vaults have a min. CDR of 130%. This collateralization limit is far greater than necessary to maintain solvency. For more than 2 years, QiDao has hosted WETH vaults. There have been no issues with liquidations on these vaults.

Motivation

Increase the capital efficiency of loans
Attract more users to QiDao
Increase interest revenue

Quorum Standard

The option with the most votes will be adopted.

Options

Approve
Abstain
Further discussions needed

Off-Chain Vote

Approve

8.2M QI99%

Abstain

64.2K QI0.8%

Further discussions needed

16.09K QI0.2%

Download mobile app to vote

Timeline

Sep 14, 2023Proposal created

Sep 14, 2023Proposal vote started

Sep 17, 2023Proposal vote ended

May 15, 2024Proposal updated