Executed

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


Proposal ID

61

Proposed

Sep 16th, 2023

Result details

1 address

43.68M votes

Final Votes

Quorum

Pending

Majority support

Yes

For

43.68M

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 will remove the supply & borrow functions.

  1. Supply Cap and Borrow Cap will be set to ""Zero""
  2. Borrow Reward will be set to ""Zero""

We are also bringing down the CF of ANN LP to 10%. #TRX to 30%, #TUSD to 40%. #ANN5 to 40% & BUSD to 60%

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

Final Votes

Quorum

Pending

Majority support

Yes

For

43.68M

Against

0

Abstain

0

Final Votes

1 address

43.68M votes

Status

Sat Sep 16, 01:12 pm

Published onchain

Sun May 28, 08:13 pm

Voting period started

Wed May 31, 08:13 pm

Voting period ended

Tue Sep 19, 03:01 pm

Proposal queued

Fri Sep 22, 03:44 am

Proposal executed