BAT recently became fully utilized and no more DAI can be minted from BAT with the current debt ceiling of 5 million DAI. We may want to increase the BAT debt ceiling, as it is becoming one of our higher demand collateral types.
That said, BAT has been deemed higher risk by the community than ETH, so there is probably some maximum percent of the debt ceiling we want BAT to reach. Personally, I feel we are a ways away from this maximum, although others may disagree.
- More DAI can be generated from BAT, helping the peg
- We have more BAT locked in the protocol, and have to accept any risks that come with that
Increasing the BAT Debt Ceiling
- 5 million (current value)
- 7.5 million
- 10 million
- 12.5 million
- 15 million
Polls will run for 2 weeks from Sep 1 to Sep 15. Please leave any thoughts or comments below!