Increase Collateral Factor of Pickle to 50%

Proposal
#1

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%
3 Likes
#2

So exciting. I would love to see this happen, A.S.A.P.

2 Likes
#3

I agree with you this a really good opportunity :ok_hand::nerd_face:

#4

Seems like an obvious candidate :smiley:

#5

Latest Pickle utilization, supply + borrow rate… Is there a next step on this?

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#6

Anymore community feedbacks or pushbacks?

#7

I am for this also. Are there any reasons why this hasn’t been done yet?

#8

The voting will start soon

#9

Due to the Snapshot issue, previous voting page has been unaccessible for a while during the voting period.

We’ve reported to Snapshot team but the voting result shouldn’t be affected like this. Thus, I put up the repeated voting again.

Everyone has to vote again.

https://vote.cream.finance/#/cream-finance.eth/proposal/Qmeyr6nZFva1RrEXvgVRxQRCMGr5spKonkJqhnNDous2Ef