Add UST to Kava Mint
passed
Expected result
—
Turnout / Quorum
47.45% / 20.00%
Voting start 2022.01.27 at 21:01:18
Voting end 2022.02.03 at 21:02:18
96.64%
46 595 915 kava
Yes
2.51%
1 208 971 kava
No
0.01%
3 917 kava
Veto
0.84%
404 735 kava
Abstain
Details
Proposer
-
Total deposit
1 000 kava
Submit time
2022.01.27 at 21:01:18
Deposit end time
2022.02.10 at 21:02:18
Description
The purpose of this proposal is to add Terra-UST token as a collateral type to Kava Mint. UST providers will now have access to more earning opportunities on Kava chain. Additionally, adding UST will further help stabilize USDX price by providing the ability to mint USDX with high capital efficiency. Parameter changes include: Borrow APY: 0%. Liquidation Ratio: 101%. Liquidation Penalty: 7.5%. Pricefeed: fixed at $1. Debt Limit: 100M USDX. USDX Max Auction Size: 1M UST
Votes
Voter
Answer