Lately, I’ve noticed a lot of cases where debt for popular vault types reaches their temporary ceilings. In some of these cases new debt is stopped from being issued even though DC-IAM is active and
ttl cooldown since last ceiling increase/decrease has passed like in the image below.
My concern is that these avoidable pauses in DAI issuance is pushing potential users to other similar services like Aave or Compound. A lot of the time issuance seems to spike suddenly right up to or just below the current ceiling, so I feel like timely responses would help growth.
It’s my understanding that there is a bot running to trigger these debt ceiling increases, though at this time it only runs once a day. I’ve also triggered a few of these increases myself, like just after the above screenshot, but I don’t think relying on observant users is a good strategy.
Does anyone else feel like this is a problem, and if so, what can we do to mitigate it?
- Have the bot run more frequently (3 times a day now and 4 times a day when/if
- Have the bot actively monitor
ttlfor the different vault types and trigger once a possible adjustment opens up. Maybe consider how much
gaphas been eaten up since last increase and only trigger if say 30% or less remains.
- Have some sort of manual trigger in Oasis. Not a fan of this kind of solution since it increases complexity for users. Will also only help users using that specific UI.
- Have the Vat itself (or whatever appropriate contract) trigger the debt ceiling adjustment when DAI is minted. This will probably be way more expensive than my other suggestions and will also increase gas cost for DAI minting.