Since IAM was activated for ETH-B on Monday, the DC has almost doubled in the first four days (from 10 MM on Monday to to 18.5 MM at 2020-12-18). Looks like the appetite for people minting day with a lower CR but a higher SF seems quite high.
We do have a lot of headroom since the
line for ETH-B is at 50 MM, but next onchain poll is 3.5 weeks away - so why not start preparing for that Next onchain-poll will likely happen on January 11th and a lot of people might be half-active/in-active in the next weeks, so I thought it makes sense to start the signal right now
- more fees collected
- more DAI in circulation
- increased exposure to ETH volatility
Here are a few polling options with +50%, +100%, +200%. Please note that this is the IAM-DC, so if you are not familiar with the Instant Access Module - here is the MIP.
- 150 MM (+200%)
- 100 MM (+100%)
- 75 MM (+50%)
- 50 MM (no change)
Poll will run until January
7th 14th and depending on the result will move on-chain assuming the outcome of the poll deems it necessary
As expected raising the ceiling might have significant impact on the exposed risk and therefor potentially on the SF as well. Keeping the poll open for another week. Please have a look at the discussion, especially at @Primoz comment.