With USDC-A creeping up to max debt ceiling and the possibility of a 101% liquidation ratio on Friday, I wanted to see whether the community wanted to increase USDC exposure by increasing the Debt Ceiling further.
Pros - More DAI to fix the peg
Cons - Increases exposure to a centralized asset that already makes up 30% of total DAI supply
Should we increase the USDC-A DC and include it in Friday, September 18th's Executive?
- Yes, Increase DC to 300 Million
- Yes, Increase DC to 350 Million
- Yes, Increase DC to 400 Million
- Yes, Increase DC to 500 Million
For poll to be executed, quorum of 40 participants must be reached before 2020-09-17T15:59:00Z.
Edit: Redid poll to add more options.