Now that USDC/TUSD/PAX have a liquidation ratio of 101% we are seeing a lot of usage out of these vaults. USDC was just increased to 400M and TUSD to 50M. PAXUSD recently maxed out at 30M and unless we increase will probably stay there for a while. Therefore I wanted to request a signal from the community on whether we would like to increase this debt ceiling further. I believe it was initially voted on to increase to 100M here but I missed why it was changed to 30M. I also heard in rocketchat that some believe PAXUSD may just get abandoned as its hard to unwind. Perhaps @cyrus can speak to this.
Please vote for all options you agree with.
Should we increase the PAXUSD-A Debt Ceiling?
- Yes - Increase to 60 Million
- Yes - Increase to 80 Million
- Yes - Increase to 100 Million
- Yes - Increase to 120 Million
Polling will run until 2020-09-23T04:00:00Z or a clear winner is determined with 40 participants or if @risk determines to increase the DC themselves.