Sunset Inter Protocol and Begin Wind-Down Process

Governance Signaling Proposals
46

:loudspeaker: Vaults’ Collateralization Ratio Was Raised by 50%
As per the Inter Protocol wind-down plan outlined in this thread, starting in June, the Economic Committee begins weekly 50% increases of vaults’ collateralization ratio. The goal is to trigger liquidations of open vaults.
The updated schedule for weekly increases is as follows:

  • June 2
  • June 9
  • June 16
  • June 23

If there are any outstanding vaults on June 30, the last day of the sunsetting period, the collateralization ratio will be additionally raised to a level that closes them all.