Back to Referenda
Proposal #6
Referenda #6
Set initial DOT Collateral Ceiling to 150000 DOT
2mos ago
PreimageMissing

Summary

This proposal will set the DOT Vault Collateral Ceiling On Interlay to 150000 DOT.

Proposal

As we prepare the launch of IBTC and vaults will start adding collateral, we want to avoid situations encountered when launching Kintsugi where vaults were slowed down at the start due to a low starting collateral ceiling.

Since the vaults have already been battle tested on Kintsugi with the equivalent relay chain token KSM, we have more confidence in the stability and sturdiness of the system and therefore more comfortable with starting off with a higher ceiling.

We therefore want to already set a sufficiently high initial ceiling of 150000 DOT and revise increasing it further at a later date when we see that the ceiling is close to being reached.

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.

Note: Unfortunately the proposal used the wrong call hash and so did not execute. We submitted a follow-up fast-track proposal to execute this proposal here - https://interlay.subsquare.io/democracy/proposal/7

Edited
Reply
Up 5
Share
Votes
AyePassing thresholdNay
50%50%
Aye
0 vINTR
Nay
0 vINTR
Turnout
0 vINTR
Electorate
0 vINTR
Check all votes
Passed

How Interlay Governance Works.

Metadata
Proposer
Hash
Delay
0
End
02022-07-20 12:24:54
Threshold
TimelineLatest activity 2mos ago
Comments
There are no comments here