SCCP-2111: Deprecate ETH Backed Loans
SCCP-2111 proposes to implement what was executed in SCCP-2095 with respect to legacy loans on optimism. This is done by raising the liquidation ratio to the level that loans are open for liquidation, performing the necessary liquidation by repaying the sETH/sUSD borrowed. Excess ETH received back for performing the liquidation is sent to the Treasury Council safe on optimism. Are you in favor of this decision?
Off-Chain Vote
sYES
5 SNX-SCT100%
iNO
0 SNX-SCT0%
Timeline
May 16, 2024Proposal created
May 16, 2024Proposal vote started
May 23, 2024Proposal vote ended
May 23, 2024Proposal updated