Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Compound launches new proposal 193 to lower collateral factor parameters of 7 tokens

Compound launches new proposal 193 to lower collateral factor parameters of 7 tokens

CointimeCointime2023/11/14 14:42
By:Cointime

Compound has announced the launch of a new proposal, Proposal 193, aimed at lowering the Compound V2 collateral factor parameters for 7 tokens, which are:

1. Lowering the AAVE collateral factor from 63% to 58%;

2. Lowering the COMP collateral factor from 50% to 45%;

3. Lowering the LINK collateral factor from 69% to 64%;

4. Lowering the MKR collateral factor from 63% to 58%;

5. Lowering the SUSHI collateral factor from 70% to 52%;

6. Lowering the YFI collateral factor from 65% to 60%;

7. Lowering the ZRX collateral factor from 55% to 50%.

It is reported that the proposal is expected to end voting on November 15th. If passed, it could reduce user position liquidation risks to some extent.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

What analysts say about the market next year

ETH’s been watching from the sidelines as bitcoin and solana take off

Blockworks2024/12/20 22:55

Crypto stocks to watch in 2025

Dan Weiskopf notes the “crazy opportunity” for BLOK investors that’s set to come as more pure-play crypto companies go public

Blockworks2024/12/20 22:55