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Abracadabra Community Introduces New Proposal to Adjust CRV Collateral Loan Rates

Abracadabra Community Introduces New Proposal to Adjust CRV Collateral Loan Rates

Bitget2023/08/02 04:46

Abracadabra Community initiates a new proposal to adjust interest rates for CRV cauldrons. Considering the protocol's significant CRV exposure, the proposal aims to apply collateral-based interest rates to two CRV cauldrons. All interest will be directly deducted from the cauldrons' collateral and immediately transferred to the protocol's treasury, increasing the DAO's reserve ratio and thereby reducing funding risks from the CRV exposure.

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