This proposal accounts for the threshold adjustment mentioned in the original discussion post here: https://interlay.subsquare.io/post/12
The initial proposal includes the reduction of token emissions but not the threshold reductions: https://interlay.subsquare.io/democracy/proposal/35
Current values DOT <> IBTC
liquidation: 150%
premium-redeem: 200%
secure (min. when minting): 260%
Proposed new values DOT <> IBTC
liquidation: 125%
premium-redeem: 140%
secure (min. when minting): 155%
This change reduces the capital requirements of Vaults by ~40%.
For more information on the meaning of individual thresholds, see Vault collateral thresholds.
Request for the TC:
Please upgrade this proposal to referendum manually, as this should have gone together with the token reduction proposal.