Author[s]: Mendi Core Team
Title: Adjust Collateral Ratios
Type: Mendi Improvement Proposal
Proposal
With the shifting market conditions the Mendi core team proposes the following adjustments to the collateral and reserve factors:
| Market | Old C-factor | New C-factor | Old R-factor | New R-factor |
|---|---|---|---|---|
| USDC | 80% | 85% | 10% | 10% |
| USDT | 80% | 85% | 10% | 10% |
| wETH | 70% | 80% | 20% | 15% |
Motivation
With these adjusted collateral factors the lending protocol can capture a larger market share within the market.
Technical considerations
The Core Team will adjust the Collateral Factors with a 24 hour timelock
Expected Timeline
- RFC and Temperature Check from 04/27 to 04/30
- Governance Vote: From 05/03 to 05/06
- Deployment Target: After governance vote, there is a 24 hour timelock to adjust ratios.
Conflict of Interest
There are no conflict of interest for the proposal.
Next Steps
Core team will adjust the collateral ratios.