VIP-143. Proposal type: Normal. Proposer: Community Wallet. VIP-143 Increase WBETH Supply and Borrow Caps. Summary.
17 Jul 2023, 15:24
VIP-143
Proposal type: Normal
Proposer: Community Wallet
VIP-143 Increase WBETH Supply and Borrow Caps
Summary
If passed, this proposal will perform the following actions as per Chaos Labs latest recommendations for WBETH.
WBETH: Increase Supply Cap from 4000 WBETH to 8000 WBETH and Increase Borrow Cap from 550 WBETH to 1100 WBETH.
Please note that while setting supply and borrow caps, Chaos Labs also take into account additional factors. These include the total on-chain supply of the asset, redemption process (where applicable), oracle setup, and the potential for price manipulation and long/short attacks, all of which could influence their recommendations.
*Simulation*
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