Increase the AUTOv2 collateral factor from currently 0% to 60% at Cream BSC
" Increase the collateral factor to 60% for AUTOv2
“Collateral factor stay at 0%”
This proposal intend to open for discussion for 24hours to collect feedback, interests for all Cream users before casting to vote. However, since BSC governance in Cream didn’t seem existed yet, it will be great if team can give guideline how i could proceed this.
AUTOv2 is a native token from Autofarm which is a cross-chain yield aggregator now available in BSC,HECO and aiming for Polkadot and others in 2021. TVL in Autofarm currently around $1.3B which ranks no.3 in BSC and has been no4 most supplied, no.3 borrowed assets in Cream BSC for some time. By enabling AUTO collateral factor to 60%, will attract more BSC users to Cream hence helps Cream to secure its leading position in BSC lending/borrowing market.