Proposal #82
Referendum #78
LKSM threshold reduction
Democracy
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Executed

This proposal accounts for the threshold adjustment mentioned in the original discussion post here: https://interlay.subsquare.io/post/12
The KSM thresholds were reduced in https://kintsugi.subsquare.io/democracy/referendum/71. However, the corresponding thresholds for LKSM collateral were not yet reduced to the values recommended by the Interlay team, and in particular the models from team member InternalError posted here:
Repo: https://github.com/interlay/collateralization-analysis
Results: https://github.com/interlay/collateralization-analysis/blob/master/analysis.log

This proposal is to change the secure threshold levels as follows:
Current values LKSM <> KBTC
liquidation: 150%
premium-redeem: 200%
secure (min. when minting): 260%

Proposed new values LKSM <> KBTC
liquidation: 145%
premium-redeem: 165%
secure (min. when minting): 180%

This change reduces the capital requirements of Vaults by ~30%.

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

Edited
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Metadata
Proposer
Hash
Delay
02022-12-30 13:29:24
End
02022-12-30 07:08:42
Threshold
Call
Table
Json
callIndex0x0202
sectionutility
methodbatchAll
args
calls
0
callIndex0x3d09
sectionvaultRegistry
methodsetSecureCollateralThreshold
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
threshold1800000000000000000
1
callIndex0x3d0a
sectionvaultRegistry
methodsetPremiumRedeemThreshold
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
threshold1650000000000000000
2
callIndex0x3d0b
sectionvaultRegistry
methodsetLiquidationCollateralThreshold
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
threshold1450000000000000000
TimelineLatest activity undefined
2022-12-21 06:32:00
Proposed
Index
#82
2022-12-28 04:09:18
Tabled
Referenda Index
#78
Deposit
5 vKINT
2022-12-28 04:09:18
Started
referendumIndex
78
voteThreshold
SuperMajorityAgainst
2022-12-30 07:08:42
Passed
referendumIndex
78
2022-12-30 13:29:24
Executed
result
ok
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