This is a proposal to expand the current cap of borrowing against an isolated collateral (MKR) from $6.0 million to $10.0 million.
I currently have $7.7 million MKR on deposit with AAVE… and would like to expand how much I have borrowed against the position. Unfortunately, the current cap of $6.0 million has been hit – and I am unable to take any further loans against the position.
This proposal will achieve the following:
- Expand the cap from $6.0 million to $10.0 million.
I am the largest MKR depositor with AAVE.
I am a rookie to AAVE governance. I’ve made my best efforts in this proposal – but AAVE will need to take it from here in terms of what has to happen to execute upon this.
No claims to copyright with this post.