[Temp Check] Increase MKR cap of borrowing

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The community is actively considering Leritu's proposal to raise the borrowing cap against MKR from $6.0 million to $10.0 million, indicating openness to changes and improvements. However, there are concerns about fairness if the proposal is perceived as a single user trying to influence the rules for personal benefit.

What is this about?

The discussion continues to focus on the proposal by Leritu to raise the borrowing cap against isolated collateral (MKR) from $6.0 million to $10.0 million. This proposal was initiated due to Leritu's current deposit of $7.7 million MKR with AAVE and the desire to borrow more against this position, which is currently limited by the existing cap.

How is the community reacting?

The community's reaction to this proposal is still not fully detailed in the summaries provided. However, ChaosLabs has responded to Leritu's post, stating that they are currently analyzing the potential for increasing the debt ceiling for MKR due to its near 100% utilization. They have committed to updating the community shortly with their findings and recommendations2. This indicates that the proposal is being taken seriously and is under active consideration.

Why this is positive?

The ongoing discussion and active consideration of the proposal by ChaosLabs is a positive sign of engagement within the community. It shows that the community is open to changes and improvements, and that members' proposals are taken into account. This could potentially encourage more active participation from other members, fostering a more dynamic and engaged community.

Why this is negative?

The potential negative aspect of this proposal remains the same. If the proposal is perceived as a single user, Leritu, trying to influence the rules for personal benefit, it could raise concerns about the fairness and equality of the system. This could potentially lead to a negative perception if other users feel they do not have the same level of influence or resources.

Posted a month ago

Last reply a month ago

Summary updated a month ago

Last updated 04/12 15:04