Executed

SIP-51 Enable crvUSD market


Proposal ID

51

Proposed

Feb 28th, 2024

Result details

1 address

131K votes

Final Votes

Quorum

Pending

Majority support

Yes

For

131K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xe2e1...2602

_setCollateralFactor(..)

Custom

Account

0xe2e1...2602

Method

_setCollateralFactor(..)

Custom

0xe2e1...2602

_setStrikeSpeeds(..)

Custom

Account

0xe2e1...2602

Method

_setStrikeSpeeds(..)

Proposal

Summary

This proposal aims to activate the Curve USD (crvUSD) token market and increase STRK reward of rETH market into the Strike protocol.

Motivation

The inclusion of the crvUSD market was initially proposed in Proposal 50. To enhance security, the collateral factor for the crvUSD market was initially set to 0. After thorough verification of the protocol’s safe operation post-listing, we propose adjusting the collateral factor to 70%, as previously discussed in the community forum 3. This adjustment will activate the market and further strengthen security measures. And rETH market showed strong growth in short term period and we doubled STRK reward of rETH market for boosting protocol growth.

Parameters

crvUSD Market Parameter Adjustment Collateral Factor: 70%

STRK reward emission for crvUSD market

  • supply: 40
  • borrow: 0

We welcome your feedback and opinion on this proposal.

Final Votes

Quorum

Pending

Majority support

Yes

For

131K

Against

0

Abstain

0

Final Votes

1 address

131K votes

Status

Wed Feb 28, 02:58 am

Published onchain

Mon Mar 4, 04:28 am

Voting period started

Wed Mar 6, 02:04 pm

Voting period ended

Sun Mar 3, 05:25 pm

Proposal queued

Tue Mar 5, 05:35 pm

Proposal executed