Proposal Summary: E-mode

• Turn on e-mode for ETH-correlated assets (i.e. ETH/WETH, cbETH and wstETH)
• Turn on e-mode for stablecoins (USDC and DAI)

Background/Context: The Seamless protocol and its community have grown and matured, strengthening in areas such as risk analysis and liquidation processes. As a result, it seems plausible that Seamless could enable efficiency mode (e-mode), enhancing user lending and borrowing efficiency with some minor additional operational complexities.

Proposal Details: Enabling E-mode

1. Turn on ETH-correlated e-mode, following industry best practices/standards and risk analysis suggestions.
2. Turn on Stablecoin e-mode for USDC and DAI, once again following industry best practices/standards and risk analysis suggestions.

ETH-correlated (ETH, WETH, cbETH, wstETH)

Stablecoin (USDC and DAI only)