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Proposal #226

Adjust Leaser Parameters (Osmosis Noble USDC)

PassedSudo Contract

Passed on 22 Dec 2024 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

22 Dec 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

This proposal seeks to adjust a key parameter of the Leaser smart contract for the Osmosis Noble USDC integration on the Nolus Pirin mainnet.

Proposed Changes

  • Increase in Protocol Interest:: Currently, the margin interest directed to the protocol for market buybacks of the NLS token is set at 4%. The proposal aims to increase this to 8%, enabling the protocol to double the daily buyback and removal of NLS tokens from circulation. To balance this change, a subsequent proposal will recommend lowering the base loan interest rate by 2%, ensuring that the maximum interest new borrowers pay at optimal utilization or higher would be set at 20.6% compared to the current 18.6%.

Impact

The proposed adjustments will apply only to new leases and will not affect existing lease positions.

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

Timeline

  1. Submitted19 Dec 2024
  2. Voting started19 Dec 2024
  3. Voting ended22 Dec 2024
  4. Deposit deadline29 Dec 2024

Proposer

Address
nolus17r…e3u8xv
Deposit10.0K

Rules

Not recorded for this proposal.