Mintable alUSD paused, when will this be sorted??

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.

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

    • n4n0 replied to this.

      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.

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

      10 days later

      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 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 replied to this.

        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.

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