Increase Collateral Factor of COVER to 45%

Summary

Increase collateral factor of COVER to 45%

For

Increase Collateral Factor of COVER to 45%

Against

Do nothing, which means stay at 0%

Motivation

It is important to raise collateral factor of those assets with 0%. COVER is one of the Yearn family, and 45% is a reasonable collateral factor for a governance token like COVER.

By enabling COVER as collateral, it provides a great incentives for COVER holder to supply in C.R.E.A.M. Finance, leading to higher TVL of the protocol. Also, COVER has many liquidity pools that’s deep enough for liquidator to mitigate the protocol downside risk.

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