ETH-A is currently at ~88% utilization. There has been a steady increase in the last months.
This poll is about changing the DC to allow more DAI from ETH-A. There is a similar poll for the ETH-B collateral type as well - but that one has a higher stability fee and a lower liquidation ratio.
- more fees collected
- more DAI in circulation
- I personally do not see any, as ETH is still the most liquid and robust asset-type we have in the portfolio, but I am happy to adjust here if people raise good points in the discussion
- 740 MM (+ 150 MM)
- 690 MM (+ 100 MM)
- 640 MM (+ 50 MM)
- 590 MM (no change)
The poll will run until January 14th; its outcome will either result in a on-chain-poll assuming the outcome of the poll deems it necessary or there will be a corresponding on-chain-poll taking the (intermediate) result and the proposal by the risk team (maybe the SF needs to get adjusted?) into account. I guess raising the ETH-A-DC might be a topic for the first governance call of this year already?