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Proposal #217

Temporarily Reduce The Minimum Utilization Threshold (Osmosis allBTC Pool)

PassedSudo Contract

Passed on 25 Nov 2024 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

25 Nov 2024

The ballotvotes cast · final tally
Yes

99.98%

of votes cast

Abstain

0.02%

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 lending dynamics of the Osmosis stATOM short pool on the Nolus mainnet. Currently, the pool operates with a minimum utilization threshold of 65%, restricting new deposits.

This proposal intends to temporarily reduce the utilization threshold to 30%. This would allow new deposits to enter the lending pool. Key benefits coming from this change are:

  • More Supply to Meet Potential Demand: When liquidity is low in a lending pool, less demand is needed to reach high utilization, slowing down growth in the process as new lenders need to enter to match that demand taking into consideration the minimum utilization threshold as well.

By voting "YES" on this proposal, you agree to temporarily make these adjustments to the Osmosis allBTC LPP (liquidity providers' pool) smart contract and allow the protocol to reduce the minimum utilization threshold to 30% such that fresh deposits can enter the pool.

Timeline

  1. Submitted22 Nov 2024
  2. Voting started22 Nov 2024
  3. Voting ended25 Nov 2024
  4. Deposit deadline02 Dec 2024

Proposer

Address
nolus17r…e3u8xv
Deposit10.0K

Rules

Not recorded for this proposal.