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StakeWiseStakeWiseby0xf072a95c8F87FA2295F45DffC1a2a90769a2e3130xf072…e313

[SWIP-16] Modify Oracles Config To Support Faster Withdrawals

Voting ended almost 2 years agoSucceeded

Ladies and gentlemen, we ask for your attention once again with this proposal to recalibrate the Oracle config for validator exits.

In essence, StakeWise Oracles have a set of parameters related to when to launch and exit validators, and today we’d like to propose tweaking the validators_exit_queued_assets_bps parameter.

This parameter is used by the Oracles to understand when a Vault needs to have some validators exited in order to support the unstaking requests collected in the unstaking queue.

If the amount of assets in the queue as share of the Vault TVL exceeds the validators_exit_queued_assets_bps, some validators are exited to support the unstaking requests.

In this proposal, we suggest reducing this parameter from 1% of TVL currently to 0.1% of TVL, in order for the Oracles to respond to exit requests more rapidly.

Off-Chain Vote

Yes
5.32M SWISE100%
No
0 SWISE0%
Quorum:177%
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Discussion

StakeWise[SWIP-16] Modify Oracles Config To Support Faster Withdrawals

Timeline

Mar 14, 2024Proposal created
Mar 14, 2024Proposal vote started
Mar 18, 2024Proposal vote ended
Mar 18, 2024Proposal updated