Proposals

Proposals

/

Proposal

Executed

Reduce Borrow Collateral Factor and Supply Caps for USDe to 0 on Ethereum

Proposed by

User profile image

Woof

Woof

Proposal ID

571

Governor

Compound Governor

Proposed

Result details
Final Votes

Quorum

817.73K of 400K

Majority support

Yes

For

817.73K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

Configurator

0x316f...36E3

updateAssetBorrowCollateralFactor(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetBorrowCollateralFactor(..)

Custom

Configurator

0x316f...36E3

updateAssetSupplyCap(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetSupplyCap(..)

Custom

CometProxyAdmin

0x1EC6...8779

deployAndUpgradeTo(..)

Custom

Account

CometProxyAdmin

0x1EC6...8779

Method

deployAndUpgradeTo(..)

Custom

Configurator

0x316f...36E3

updateAssetBorrowCollateralFactor(..)

Custom

Account

Configurator

0x316f...36E3

Method

updateAssetBorrowCollateralFactor(..)

Proposal

This proposal reduces the Collateral Factor utilized on borrow and Supply Caps for USDe; once executed, USDe on Ethereum markets can not be used as collateral for new loans. Note that this proposal will not directly trigger any liquidations as the liquidation collateral factor remains unchanged.

The proposal will minimize the potential risk of an rsETH hack in case it affects USDe.

Final Votes

Quorum

817.73K of 400K

Majority support

Yes

For

817.73K

Against

0

Abstain

0

Final Votes
Status

Draft created

User profile image

Woof

Published onchain

User profile image

Woof

Voting period started

Voting period ended

Proposal queued

Proposal executed