Moola Market@moola_market P.44

MOOLA_MARKET Telegram 44

Proposal 11 has been proposed to sunset support for Moola v1, which the community migrated away from back in Oct 2021.

This proposal does not affect the current version of Moola v2!

Proposed parameter changes and timeline:
Upon proposal passing, set maximum loan-to-value ratio for all v1 markets to 0% in order to prevent any further borrowing.

On May 15, 2023, set liquidation threshold for all v1 markets to 0% in order to liquidate all outstanding loans. There is currently ~72,000 cEUR borrowed that will be liquidated.

On May 31, 2023, shutdown app-v1.moola.market. After this date users will need to use Moola CLI or a blockchain explorer to withdrawal their funds from v1 pools.

A ‘For’ vote signals intent to sunset Moola v1. An ‘Against’ vote signals intent to maintain Moola v1 as is.

You must delegate your MOO voting authority to your own address or to another before the snapshot in order to have voting power. Tools you can use to delegate and vote include:
https://romulus.page/romulus/0xde457ed1A713C290C4f8dE1dE0D0308Fc7722937
https://celoterminal.com/

The one-stop shop for everything Celo.

www.tgoop.com/moola_market/44

480 viewsApr 5, 2023 at 18:15

tgoop.com/moola_market/44

Create: 2023-04-05
Last Update: 2024-11-15 17:45:34

Proposal 11 has been proposed to sunset support for Moola v1, which the community migrated away from back in Oct 2021.

This proposal does not affect the current version of Moola v2!

Proposed parameter changes and timeline:
Upon proposal passing, set maximum loan-to-value ratio for all v1 markets to 0% in order to prevent any further borrowing.

On May 15, 2023, set liquidation threshold for all v1 markets to 0% in order to liquidate all outstanding loans. There is currently ~72,000 cEUR borrowed that will be liquidated.

On May 31, 2023, shutdown app-v1.moola.market. After this date users will need to use Moola CLI or a blockchain explorer to withdrawal their funds from v1 pools.

A ‘For’ vote signals intent to sunset Moola v1. An ‘Against’ vote signals intent to maintain Moola v1 as is.

You must delegate your MOO voting authority to your own address or to another before the snapshot in order to have voting power. Tools you can use to delegate and vote include:
https://romulus.page/romulus/0xde457ed1A713C290C4f8dE1dE0D0308Fc7722937
https://celoterminal.com/

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Date: 2024-11-15|

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