📡 Protocol
Type of Vote
On-chain
Our Vote
For
Rationale
This proposal is a concrete implementation of the recently discussed opinion that "supply-side incentives should be strengthened, and borrow-side incentives should be reduced," and the reasons for agreement are clear. By increasing supply rates at low utilization, it aims to provide attractive returns for suppliers and promote liquidity provision. On the other hand, borrow-side incentives have been reviewed by raising borrow rates at high utilization, effectively curbing excessive borrowing.
Vote Date
December 14, 2024