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
Author
E20xE2be...5BF0Proposal 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
246.11M
0
0
Total Votes
10
Total Score
246.11M