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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.

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Proposer
Threshold
1
Hash
0x2a272af9656f7eb9d70aa6c16848434805caade2fe5ecd0544f18f9aef6b351e
Call
Table
Json
callIndex0x4603
sectiondemocracy
methodfastTrack
args
propIndex11
delay3
TimelineLatest activity 2mos ago
2022-08-03 14:32:42
Proposed
2022-08-03 14:32:42
Executed
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