Abracadabra community launches new proposal for revised version of "Adjustment of CRV Cauldrons interest rates"

链捕手ChainCatcher · 2023-08-03T08:33:02.000Z

According to ChainCatcher news, the Snapshot voting page shows that the Abracadabra community, the issuer of algorithmic stablecoin MIM, is voting on the "further revision of interest rate" proposal. This proposal is a revised version of the "interest rate adjustment for CRV cauldrons" proposal. This vote will Ends on August 6th. The revised proposal was proposed by masterofdisaster.eth, a major Abracadabra owner, after he voted 10 billion SPELL against the initial proposal, accounting for almost 100% of all objections. "I believe that completed repayments and the potential increase in CRV's liquidity require a change to the proposed interest increase," he said. Therefore, I voted against the previous proposal and proposed new provisions. ”

According to ChainCatcher, the Snapshot voting page shows that the Abracadabra community, the issuer of the algorithmic stablecoin MIM, is voting on the "further interest rate revision" proposal, which is a revised version of the "CRV cauldrons interest rate adjustment" proposal. The vote will end on August 6.
The revised proposal was proposed by Abracadabra masterofdisaster.eth, who previously voted 10 billion SPELL against the initial proposal, accounting for almost 100% of all votes against it. He said: "I believe that the completed repayments and the potential increase in CRV liquidity require a change in the proposed interest increase. Therefore, I voted against the previous proposal and proposed new terms."
It is reported that compared with the original proposal, the new proposal has made modifications to the range of outstanding principal and the corresponding base interest rate. The proposed base interest rate has been reduced compared with the previous one, and the interest rate multiplier has been replaced by the range of interest rate changes and the ability to influence the overall base interest rate.