[AIP-1] Raise the alUSD debt ceiling from 50m to 100m

state

I support this. I think having alUSD minting available is essential to prevent a premium on alUSD. A tight alUSD peg is good for the long-term credibility of the protocol

haowiwong

支持！（我们需要中文！We need chinese）

JaLa

Agree with team that we should wait until yearn limit is raised.

As an aside, how does the protocol earn more revenue if the incremental DAI is idle?

scoopy

JaLa yea, good point. so I guess cross that off for the pros.

justsomeguy

I agree. Don't see a point in having the cap raised until an AMM makes alUSD useable for anything other than staking.

Cipio

I agree with the team as well. We should wait for yearn to raise the limit. I like the conservative approach. In the future you could look for other vaults to earn interest on as well.

taylor

I agree and appreciate the caution.

RogueItachi

I agree with the team as well. We lose nothing in the short term by waiting, yet things could be disastrous if we mint too much and there ends up being any sort of problem when the AMM pool is live. We don't want to kill the project before it begins. The pool is an aspect of this project that has yet to be tested. Let's keep everyone's funds as safe as possible for now, ensuring the long term survival of the project. Flash loans can create monsters that are hard to foresee, so why not do our due diligence in this important piece of the protocol? It won't be a long wait either, and everything else will remain fully functional until then as well. Safe vaults, a tight peg, and people itching to get in will only help the token price if that's what anyone is worried about.

Granolah

looks like yearn is already in-progress to raise the cap - https://gnosis-safe.io/app/#/safes/0xFEB4acf3df3cDEA7399794D0869ef76A6EfAff52/transactions

Remigius

Personally I'd prefer to take things slow rather than growing too fast 🙂

0xdef1

Support raising the cap after yearn has raised its cap.

I'd suggest adding UX to the alUSD farm page saying to use EXTREME caution if the current alUSD price is above 1 DAI.

yyctrader

Agree with the team on this, baby steps are best 👍️

GetBigOrDie

Agree with the team, once yearn has increased successfully and we have been operating a bit longer, is a good time to increase.

Tiarizzi93

Agree with the team.
Anyway,It is probably better to make a poll out of this to avoid flooding in the replies, in this way a simple "yes" or "no" could be captured by the poll and more articulated replies could be easily identified

akmedia

wait to increase the cap. slow and steady wins the race.

CryptoSphinx

This is a marathon, not a sprint. I support waiting for yearn to do their thing and for the AMM pool to go live.

Thelionshire

Congrats on the launch! Agree to wait. No reason to rush. Success is here and mistakes can be made by rushing. Also, the AMM launch will enable people to buy still even if the ceiling is capped. It’s a better thing to have more demand than the supply than more supply than demand imo.

alphaketchum

No reason to raise the debt ceiling unless the idle DAI is being put to work, otherwise, if no (future) yield is being earned, it would cause pressure on alUSD.

AcedaBook

Phenomenal traction and smooth launch. I'd say we prioritize audits over bringing in more liquidity. Work with the early adopters/evangelists closely before really broadening liquidity and adding new projects.

GEBucky

Agree with the team. No reason to raise the cap now, and frankly changing it 12 hours after going live seems a bit “floppy”. The cap was put in place for good reasons