This proposal accounts for the threshold adjustment mentioned in the original discussion post here: https://interlay.subsquare.io/post/12

The initial proposal includes the reduction of token emissions but not the threshold reductions: https://kintsugi.subsquare.io/democracy/proposal/75

This proposal is to change the secure threshold levels as follows:

Current values KSM <> KBTC
liquidation: 150%
premium-redeem: 200%
secure (min. when minting): 260%

Proposed new values KSM <> KBTC
liquidation: 130%
premium-redeem: 145%
secure (min. when minting): 160%

This change reduces the capital requirements of Vaults by ~40%.

For more information on the meaning of individual thresholds, see Vault collateral thresholds.

Request for the TC:
Please upgrade this proposal to referendum manually, as this should have gone together with the token reduction proposal.