Executed

Risk Parameters Adjustment - ANN LP, TRX, TUSD, ANN5 (StableSwap), BUSD


Proposal ID

60

Proposed

Sep 3rd, 2023

Result details

1 address

42.9M votes

Final Votes

Quorum

Pending

Majority support

Yes

For

42.9M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xb130...2f4c

_setCollateralFactor(..)

Custom

Account

0xb130...2f4c

Method

_setCollateralFactor(..)

Custom

0xb130...2f4c

_setCollateralFactor(..)

Custom

Account

0xb130...2f4c

Method

_setCollateralFactor(..)

Custom

0xb130...2f4c

_setCollateralFactor(..)

Custom

Account

0xb130...2f4c

Method

_setCollateralFactor(..)

Custom

0xb130...2f4c

_setCollateralFactor(..)

Custom

Account

0xb130...2f4c

Method

_setCollateralFactor(..)

Proposal

Annexians we are doing the below adjustments on BNBChain to adjust our Risk Parameters. Binance recently announced they are halting the withdrawal of BUSD on BNBchain and we are taking the below steps to adjust our Risk Parameters.

AnnexFinance will be delisting the BUSD market from lending and also adjusting the paraments to expedite the delisting process.

We are bringing down the CF of ANN LP to 20%. #TRX to 40%, #TUSD to 50%. #ANN5 to 50% & BUSD to 70% and setting the Reserve Factor of #TRX, #TUSD & #BUSD to 100%

We believe these adjustment will encourage the borrower to pay off the debt and suppliers to withdraw their assets from the Protocol.

Kink Rate - 50% Base Rate - 20%

for BUSD, TRX & TUSD

Final Votes

Quorum

Pending

Majority support

Yes

For

42.9M

Against

0

Abstain

0

Final Votes

1 address

42.9M votes

Status

Sun Sep 3, 06:04 pm

Published onchain

Tue May 16, 02:16 am

Voting period started

Fri May 19, 02:16 am

Voting period ended

Thu Sep 7, 05:21 pm

Proposal queued

Sun Sep 10, 06:49 pm

Proposal executed