Proposal #35
Passed on 02 Aug 2023 with 100.0% of the votes for yes.
Yes
100.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
02 Aug 2023
99.99%
of votes cast
0.01%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
Due to the high utilization rate of the lending pool, the max interest rate threshold for borrowing is reached faster, effectively preventing new borrowers from entering the system due to unfavorable borrowing terms. By voting YES to this proposal, you agree to lower the base loan interest rate to 8%, which in turn will decrease the cost of borrowing at high utilization levels, while the slope and delta of the APR will be changed according to the new base interest rate.