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Proposal #227

Adjust LPP 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

99.99%

of votes cast

Abstain

0.01%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

Summary

This proposal aims to adjust the parameters of the Lending Pool (LPP) smart contract for the Osmosis Noble USDC integration on the Nolus Pirin mainnet.

Proposed Changes

  • Base Interest Rate Adjustment: The base borrowing interest rate is proposed to be lowered from 8% to 6%. This adjustment aligns with the previously implemented increase in the protocol interest rate to 4%, ensuring that the maximum borrow APR at optimal utilization levels or above remains capped at 20.6%.

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