LIP-007: Proposal for Adjusting MCR of Classic Collateral Assets
LIP-007 proposes to reduce the Minimal Collateral Ratio (MCR) for specific collateral types to increase the Loan-to-Value (LTV) ratio
đčThis proposal is only for the Classic section, allowing a more competitive experience for users.
Vote now: https://t.co/ERFuTj09Nc
Voting period: 4:00AM, 15th Sep. to 4:00AM, 18th September 2024 (UTC+0)
This proposal includes the following:
* Reduction of the MCR of specific assets
* Increase of the LTV for collateral assets, to match the new MCR values
* These adjustments would be only for the classic section, allowing a more competitive experience for users.
The proposal comes with changes in both LTV and MCR for Classic collaterals like $BNB, $slisBNB, $ETH, $wBETH, $BTCB, and $wstETH. These changes, in turn, come with benefits like:
* An increased borrowing capacity, achieved by a higher LTV which allows users borrow more against their collateral
* More flexible and less restrictive borrowing environment for users, potentially increasing engagement and exposure
Voting options:
Yes: Approve the propose MCR adjustments for the Classic section, lowering the MCR and increasing LTV for the listed collateral assets.
No: Reject the proposal and maintain the current MCR values for the Classic Section.
