Proposal #138
Passed on 05 Aug 2024 with 100.0% of the votes for yes.
Yes
100.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
05 Aug 2024
100.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
The goal of this proposal is to modify the lending dynamics of the Osmosis Noble USDC pool on the Nolus mainnet. As it stands, the pool operates with a minimum utilization threshold of 65%, thus preventing a case where there are many more lenders compared to borrowers, diluting the yield.
Due to a planned initiative to migrate lenders from the axlUSDC to the Noble USDC pools, we propose to reduce the minimum utilization threshold of the Osmosis Noble USDC pool to 0% temporarily until the end of next week, namely 10th of August, 2024. This would allow lenders in the axlUSDC pool to move their deposited funds to the new pool to earn a better real-yield APY with additional NLS incentives on top. Those said NLS incentives are planned to be discontinued from the UI after this week-long period for liquidity migration has concluded.
By voting "YES" on this proposal, you agree to make these adjustments to the Osmosis Noble USDC LPP (liquidity providers' pool) smart contract and allow the protocol to temporarily reduce the minimum utilization threshold to 0%.