Ooki Snapshot proposal to adjust interest rates with minimal interest rate mechanism

To stabilize Ooki’s interest rates and increase the amount of funds available for borrowing this proposal would add a minimal interest rate threshold for borrowing on Ooki. This change would affect any pools where the borrowing rates fall below the minimum threshold. Once sufficient data is collected that pools are working efficiently the minimum borrowing rate floor can be removed. The minimal interest rate would be set to the following:

Minimal interest rate of 0.8% for stablecoins and 0.1% interest for all other coins.

Learn more and vote at:

https://snapshot.org/#/ooki.eth/proposal/0x68566a2f3cfbd126e04f34da4a789ce43b1ea313b0d665230848958207256c4f

1 Like