Back to Proposals
Set initial DOT Collateral Ceiling to 2,450,000 DOT
2mos ago
FastTracked

Summary

This proposal will set the DOT Vault Collateral Ceiling On Interlay to 2,450,000 DOT.

Proposal

Ahead of iBTC launch, this proposal increases the DOT collateral ceiling to 2,450,000 DOT - roughly 20,000,000 USD equivalent - to provide enough capacity for initial BTC liquidity growth. DOT is the main iBTC collateral at launch.

These numbers are based on projections derived from conversations with current/onboarding Vault operators.

Requesting TC Fast-track

Since this is an initial ceiling setting and we want to get everything ready for the launch, we request TC fast track to move quickly with setting initial system settings.

Edited
Reply
Up
Share
Second
No current seconds
This proposal has been turned into referendum.
Metadata
hash
0xd174e84c07b4038864c2e4b9f94275c02133c306944e453ee05e041507b412dc
deposit
250 vINTR
proposer
Call
Table
Json
callIndex0x3d08
sectionvaultRegistry
methodsetSystemCollateralCeiling
args
currencyPair
collateral
tokenDOT
wrapped
tokenIBTC
ceiling24500000000000000
TimelineLatest activity 2mos ago
2022-08-03 14:30:13
Proposed
Index
#11
2022-08-03 14:32:42
FastTracked
2022-08-03 14:32:42
Started
referendumIndex
11
voteThreshold
SuperMajorityAgainst
2022-08-03 17:44:48
Passed
referendumIndex
11
2022-08-03 17:45:36
Executed
result
ok
Comments
There are no comments here