KNC/ZRX Vaults were recently launched with 4% Risk Premiums and a 5m debt ceiling. BAT currently has a 0% Risk Premium and 3m debt ceiling. The main reason why Risk/Governance has decided to subsidize the BAT Vault in the past is because of its inclusion in the MCD launch.
- Stop subsidizing the BAT vault. The Risk Premium will be more in line with other collateral.
- More DAI can be generated from BAT
- A Risk Premium increase may make DAI generation from BAT too unattractive.
- Lower DAI generation is worse for the peg.
Increasing the BAT Debt Ceiling
- 3 million (current value)
- 4 million
- 5 million
Adjusting the BAT Risk Premium
- 0% (current value)
Polls will run for ~1.5 weeks from July 24 to Aug 5. Please leave any thoughts or comments below!