Author[s]: Mendi Core Team
Title: Adjust Collateral Ratios
Type: Request for comments
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% |
| ezETH** | 50% | 70% | 20% | 20% |
** Pending enabling of withdrawals and full repeg of ezETH
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: Pending
- Deployment Target: Pending
Link to temperature check vote on snapshot:
https://snapshot.org/#/mendifinance.eth/proposal/0x46b0ffbf379a0cad4bbbca3a49f752d707d0012e7faccd643fd70aad6f6b0095