BaBag.win
Closed
Passed
EN

Give team discretion to adjust Aave position to avoid liquidation

Published

3/2/2025, 5:58:04 PM

Closes

3/5/2025, 5:58:04 PM

Votes

10

Voting Type

basic

Quorum

80,000,000

Proposal Content

Summary

Background There is a proposal that created the Aave position to fund operations while holding BTC and ETH: https://snapshot.box/ /s:decentralgames.eth/proposal/0x4340eb59ed541f...

Background

There is a proposal that created the Aave position to fund operations while holding BTC and ETH: https://snapshot.box/#/s:decentralgames.eth/proposal/0x4340eb59ed541fadccf424f98572769594adf1f22483175ccca4b3c0644d4e87

Proposal

To clarify the prior proposal, give team discretion to adjust collateral and debt to avoid liquidation (death).

Rationale

It is important to avoid liquidation because we end up liquidated not when assets = debt, but 10-15% before that, resulting in a capital loss. Liquidation should be avoided at all costs because it's not only deadly but also costly.

Voting Results

Passed
ForLeading100.0%

246.11M

Against0.0%

0

Abstain0.0%

0

Total Votes

10

Total Score

246.11M

Quorum80.00MQuorum met

Source Links

Original Proposal