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Set initial DOT Collateral Ceiling to 2,450,000 DOT
2mos ago
Executed

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
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Passed

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Metadata
Proposer
Hash
Delay
02022-08-03 17:45:36
End
02022-08-03 17:44:48
Threshold
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
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