With the peg still over $1 and yield farming/bull run seemingly not ending anytime soon I wanted to ask the community to signal whether they think we should further reduce the USDC-A collateralization ratio to further incentivize DAI minting with USDC to “arb” the peg down.
- Encourages more DAI minting with another stablecoin which will have a downward effect on the peg
- Creates more systemic risk by trusting a centralized authority with overall collateral/peg integrity
- Creates further incentive for USDC Vaults to never pay back their DAI
- If liquidations are turned on, depending on the LR/peg, keepers may have difficulty profitably liquidating these vaults
Should we reduce the USDC-A collateralization ratio?
- Yes - 101% CR
- Yes - 102% CR
- Yes - 103% CR
- Yes - 104% CR
- Yes - 105% CR
- Yes - >105% CR
This poll will end 2020-09-08T04:00:00Z
If passed, this signal request will turn into a pull request to be added to on-chain governance polling the following Monday.