Overview: During the 7/23/20 governance call there was support for taking emergency action to help restore an elevated peg via adjusting USDC-A parameters. The debate was centered around whether the peg ($1.033 on Coinbase as of poll creation) required emergency intervention, or whether it will organically decrease with the unwinding of YFI mining (estimated to be completed Saturday ~1030 UTC)
This poll will help signal whether to expedite the ongoing signal request to adjust USDC-A vault parameters.
Should the community take emergency action?
- Take emergency action by adjusting USDC-A parameters
- No emergency action at this time
- The poll will run for 24 hours or until the Risk Team intervenes
- @LongForWisdom mentioned that a winning option would require > 50% of the vote