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Sonne FinanceSonne Financeby0xB21DFCf420cc7536c7eF5652Ee8018741F17f017rrigo.eth

Increase WETH Collateral Ratio from 75% to 80%

Voting ended almost 3 years agoSucceeded

Overview:

We propose to increase the WETH collateral ratio from 75% to 80% for Sonne Protocol. This change would increase the stability and security of the protocol, while also increasing the value of SONNE tokens.

Rationale:

Increasing the WETH collateral ratio would make the protocol more stable and secure by increasing the amount of collateral that must be provided for each loan. This change would also reduce the risk of liquidations and insolvency, which would help protect the interests of borrowers and lenders on the platform.

Moreover, increasing the collateral ratio could also improve the value of SONNE tokens. By increasing the stability and security of the protocol, we believe that more users will be attracted to the platform, which could lead to an increase in demand for SONNE tokens.

Implementation:

To implement this proposal, we would need to update the smart contracts and adjust the parameters to reflect the new collateral ratio. We would also need to communicate the change to the community and provide guidance on how to adjust their borrowing and lending strategies.

We believe that the benefits of this proposal outweigh any potential downsides, and we hope that the community will support this change.

Off-Chain Vote

Yes
90.43K SONNE3.8%
No
2.26M SONNE96.2%
Abstain
0 SONNE0%
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Timeline

May 05, 2023Proposal created
May 05, 2023Proposal vote started
May 12, 2023Proposal vote ended
May 30, 2024Proposal updated