Mintable alUSD paused

Alchyfan

Mintable alUSD paused, when will this be sorted??

n4n0

Minting of alUSD is not paused and never has been. At the time of this reply there's about 2.6 alUSD that can be borrowed as the debt ceiling was hit.

Alchyfan

n4n0 with no more minting until debt ceiling raised, when is this likely and what will inform this?

StevenPeterson

n4n0 Global mintable alUSD shows 22,000, and I have plenty of DAI in my wallet, but the alUSD amount that I'm able to borrow shows 0.00. Any ideas?

n4n0

Alchyfan with no more minting until debt ceiling raised

Exactly.

Alchyfan when is this likely

The formal process is an AIP that gets turned into a Snapshot vote if majority of discussion participants deem it neccessary. Depending on the outcome the debt ceiling might be raised. That said, there's no real timeframe for this, it's a community decision.

Alchyfan what will inform this

Possible outlets are on our Twitter, Forum, Discord and obviously if you're following the governance proposals then you should already know anyway.

addub

@Alchyfan Also, a useful thing to pay attention to is the Global Mintable alUSD at the bottom of the app.

StevenPeterson

Global mintable alUSD shows 22,000, and I have plenty of DAI in my wallet, but the alUSD amount that I'm able to borrow shows 0.00. Any ideas?

n4n0

StevenPeterson Well if the DAI is in your wallet you should deposit it and then you can borrow some alUSD. Or if you already borrowed alUSD, make sure your loan is paid back already and your account is eligible for more loans.