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Proposal #236

Adjust LPP Parameters (Osmosis allBTC)

PassedSudo Contract

Passed on 20 Jan 2025 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

20 Jan 2025

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

The goal of this proposal is to modify the parameters of the lending pool (LPP) smart contract for the Osmosis allBTC integration on the Nolus Pirin mainnet.

Proposed Changes

  • Base Interest Rate: The base interest rate for borrowing is proposed to remain at 0.8%.

  • Add-on Interest Rate: The proposed interest rate slope parameter is to be increased from 0.8% to 2%. This way the loan interest for allBTC will vary between 0.8% and 7.5% instead of the current 0.8% to 3.5% range.

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

Timeline

  1. Submitted17 Jan 2025
  2. Voting started17 Jan 2025
  3. Voting ended20 Jan 2025
  4. Deposit deadline27 Jan 2025

Proposer

Address
nolus17r…e3u8xv
Deposit10.0K

Rules

Not recorded for this proposal.