Now that @Primoz has posted his analysis on ETH-B parameters and discussion has taken place, I would like to formally signal to the community whether they would like to implement an ETH-B vault with higher risk parameters.
In July I created a signal request to add ETH-B as a new vault type. The reasoning for this was to give vault users another option to create more DAI for a higher stability fee. That poll concluded with the community signalling for our risk team to advise on these new parameters. Now that that has finally been completed we can finally move onto creating it ourselves. Therefore:
Should we create an ETH-B vault type?
If “Yes”, What should the Liquidation Ratio be?
If “Yes”, What should the Risk Premium be?
If “Yes”, What should the starting Debt Ceiling be?
- 5 Million
- 10 Million
- 15 Million
- 20 Million
Polling will last until 2020-10-05T04:00:00Z. Please choose all options you agree with. I look forward to your discussion and participation!
If passed: Polling ends October 5th, Pull Request October 7th, On-Chain Poll October 12th, Executive October 16th.
If governance wants to speed up this process, consensus must be reached by September 30th. @LongForWisdom can make a call on this based on past precedent.