[AIP - 12] Raise the Debt Cap - Alchemix Governance

[AIP - 12] Raise the Debt Cap

scoopy

After raising the debt cap to 115m, we have hit the limit yet again. Things in the system look healthy. The transmuter has fulfilled its role in boosting yields and arbing alUSD back to peg. In fact, alUSD is over peg at the moment. When we launch alETH, however, we will begin phasing out rewards for the alUSD-only pool. Because of this, I'm proposing a modest cap increase of 10m to bring the total to 125m. This should satiate demand at least until the launch of alETH. We will closely monitor effects from the discontinuation of the alUSD-only pool. If the system is healthy and the debt ceiling is at capacity after that, we will increase it again.

Choices:
"For" signals you support raising the debt cap to 125m
"Against" signals you prefer to keep the debt cap at 115m.

Ivfx619

scoopy For

sean272727

scoopy for

Biddls

FOR

gennycraig

For

aphoticjezter

For

Flippr

FOR

aphoticjezter

Just to include from the discord discussion: 10 million feels like a small increase given the past 15 million increase and how quickly it was consumed. Scoopy clarified that this conservative adjustment is proposed because of the coming alUSD farm phase-out, which in addition to the increased debt cap may also add further stress to the peg and thus the transmuter reserves.

kichoman

For

Loop

For

localmancrypto

FOR

Rollwrig

For

SathFenrir

For

DanielLiTW

For

herman_blume

For

OnSense

For

Goatedsjmeta

For

spookyscience

For

nickhu123

For

mistertodd

FOR. Grow, baby, grow!

jromeroz

For