We wanted to update the community that after technical consultation with @bgdlabs, we do not plan on moving forward with all of the changes in the Snapshot vote.
In particular, after technical evaluation, we believe there can be a problem with removing assets from E-mode. At this current point in time, the protocol is not very well prepared for E-mode movements.
The community selected Option 3, which is DAI, USDC, FRAX (if already listed) at 95% LT, 93% LTV, 1% LB.
As we work on potential solutions, in the meantime, we plan on moving forward with the parameter changes (95% LT, 93% LTV, 1% LB) of Option 3, without removing assets from E-Mode yet. This will serve as an initial step towards risk reduction for the community.
To give the community more time, we plan on putting up the AIP on Monday 5/22. Because LT is being reduced, we will keep the community informed of liquidatable accounts. We will keep the community notified of next steps.