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Proposal #224

Adjust LPP Parameters (Osmosis allSOL)

PassedSudo Contract

Passed on 08 Dec 2024 with 97.0% of the votes for yes.

Yes

97.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

08 Dec 2024

The ballotvotes cast · final tally
Yes

97.05%

of votes cast

Abstain

2.95%

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 lending pool (LPP) smart contract for the Osmosis allSOL integration on the Nolus Pirin mainnet.

Proposed Changes

  • Base Interest Rate: The base interest rate for borrowing is proposed to remain at 1.5%.

  • Add-on Interest Rate: The proposed interest rate slope parameter is to be increased from 1.5% to 4%. This way the loan interest for allSOL will vary between 1.5% and 14.83% instead of the current 1.5% to 6.5% range.

By voting "YES" on this proposal, you agree to make these adjustments to the Osmosis allSOL LPP smart contract. These changes would be applicable only to newly opened lease positions.

Timeline

  1. Submitted05 Dec 2024
  2. Voting started05 Dec 2024
  3. Voting ended08 Dec 2024
  4. Deposit deadline15 Dec 2024

Proposer

Address
nolus17r…e3u8xv
Deposit10.0K

Rules

Not recorded for this proposal.