8 replies, 586 views, 6 likes
The discussion focused on a proposal by Leritu, the largest MKR depositor with AAVE, to raise the borrowing cap against MKR from $2.5M to $4.0M. After review and support from risk teams ChaosLabs and Gauntlet, a consensus was reached to increase the debt ceiling to $6M, leading to the publication of AIP-322 and an upcoming vote.
The discussion primarily revolved around the proposal to increase the borrowing cap against isolated collateral (MKR) from $2.5 million to $4.0 million. This proposal was put forth by Leritu, who is the largest MKR depositor with AAVE and wishes to borrow more against their position1. The proposal was confirmed to be compliant with the Direct-to-AIP Framework by MarcZeller, who then escalated it to the ARFC stage and sought feedback from the risk teams Gauntlet and ChaosLabs3.
Both risk teams, ChaosLabs and Gauntlet, supported the proposal. They suggested an increase in the debt ceiling for MKR to $6M, based on their Isolation Mode Methodology and the observed utilization of MKR on Aave over the past months 5,8. Following this, MarcZeller announced the publication of AIP-322 and informed that the vote would commence the next day7.
In conclusion, the discussion led to a consensus on raising the debt ceiling for MKR to $6M, with the vote set to begin shortly. The proposal was well-received and supported by all major contributors to the discussion, indicating a positive outlook for its implementation.
Posted 3 months ago
Last reply 3 months ago
Summary updated 2 months ago
Last updated 09/12 13:52