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Synthetix SCCP/SIPSynthetix SCCP/SIPby0x1A7fC76f1aC7FeCb71256A79482DD5aD879F293A0x1A7f…293A

SCCP-209: Update Synth Loans Backed by ETH

Voting ended over 3 years agoSucceeded

SCCP-209 proposes the following updates:

  • Lower the baseBorrowRate to 1 bp from 300 bp
  • Lower the issueFeeRate to 0 from 25 bp
  • Lower the utilizationMultiplier to the lowest possible number of 1 wei instead of 1 (1e18) Are you in favor of this decision?

Off-Chain Vote

sYES
6 SNX-SCT85.7%
iNO
1 SNX-SCT14.3%
Download mobile app to vote

Timeline

Jul 05, 2022Proposal created
Jul 05, 2022Proposal vote started
Jul 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated