Summary
To increase the collateral factor of Pickle to 50%.
For
Increase collateral factor of Pickle to 50%
Against
"Do nothing, remain at current 0%
Motivation
To increase the usage of Pickles as a collateral for the Cream Finance and help to increase and attract new users and capital. Currently, the collateral factor is set to 0% and Pickle users are unable to borrow against the collateral.
Further review of the comparable assets currently on Cream vs the 24 hour trading volume on Uniswap, it is reasonable to request for the increase of collateral factor of Pickle to 50%.
Thank you.
Additional Info
| Token | 24H Uniswap Volume | Collateral Factor |
|---|---|---|
| ESD | 183,298 | 60% |
| YFI | 4,162,617 | 50% |
| COMP | 2,797,054 | 50% |
| SRM | 201,775 | 50% |
| PICKLE | 1,359,686 | 0% to 50% |
