Introduction
This is to promote cbETH to collateral tier.
Summary
The following specific changes are proposed:
Increase collateral factor (CF) to 0.70
Increase borrow factor (BF) to 0.80
Decrease reserve factor (RF) to 0.05
Amend oracle from Univ3 TWAP to Chainlink
Amend the IR model to the same as wstETH
Further discussion can be found in the RFC:
I like the 0.7 CF and doesn’t seem like there are objections. Will create a Snapshot vote in 24h.
Voting
Options are:
YES - implement the changes above
NO - do not implement the changes above
Snapshot
Link to voting here: Snapshot
asot
January 2, 2023, 5:09pm
2
Voting concluded with unanimous agreement and participation far above quorum on 17 November already and cbETH liquidity has only been improving in the meantime; might I ask when this parameter change will be implemented?
So this requires an introduction of supply caps, which is due to be audited by end of January. So should be done by end of this month.
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