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Proposal #155

Adjust Leaser Parameters (Osmosis stATOM)

PassedSudo Contract

Passed on 30 Aug 2024 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

30 Aug 2024

The ballotvotes cast · final tally
Yes

100.00%

of votes cast

Abstain

0.00%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

Summary

The goal of this proposal is to modify the parameters of the Leaser smart contract for the Osmosis stATOM integration on the Nolus Pirin mainnet.

Proposed Changes

  • Liability Levels: To proposal aims to adopt the same liability thresholds as the ones in the existing markets on Nolus (max LTV is 90%, healthy is 83%, max initial is 60%).

  • Interest Due: Interest is set to be due once every 18 days.

  • Protocol Interest: 2% of the interest rate paid by borrowers will go to the protocol for NLS market buybacks.

Impact

These changes will apply to all new leases in stATOM.

By voting "YES" on this proposal, you agree to make these adjustments to the Osmosis stATOM Leaser smart contract.

Timeline

  1. Submitted27 Aug 2024
  2. Voting started27 Aug 2024
  3. Voting ended30 Aug 2024
  4. Deposit deadline06 Sept 2024

Proposer

Address
nolus17r…e3u8xv
Deposit5.0K

Rules

Not recorded for this proposal.