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#12
Raising KAR Debt Ceiling
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Executed

Gauntlet makes the following recommendations to optimize for risk and capital efficiency for Karura:

Summary:

  • Raise the debt ceiling for KAR to 3M

Rationale:

Since last week, KSM volatility has decreased from 138% to 101% and the $ADV decreased from $41.8M to $30.4M. The kUSD minted decreased from $10.3M to $9.8M. The Value at Risk decreased from $2.45M to $2.41M. The protocol is safe at its current parameters.
Just over 1M kUSD has been minted with KAR as collateral. KAR currently has a VaR of 0 and our platform’s analysis shows that it is safe to raise the debt ceiling ahead of future growth.

Governance forum post: https://acala.discourse.group/t/gauntlet-risk-parameter-recommendations-raising-kar-debt-ceiling/481/2

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Metadata
Proposer
Index
12
Threshold
2
Hash
0x387d33bd66f4ad9b58d1b8b65a4857bde553dcc75d512a1f28702d4eaa08822f
Call
Table
Json
callIndex0x6803
sectioncdpEngine
methodsetCollateralParams
args
currencyId
tokenKAR
interestRatePerSecNoChange
liquidationRatioNoChange
liquidationPenaltyNoChange
requiredCollateralRatioNoChange
maximumTotalDebitValue
newValue3000000000000000000
TimelineLatest activity undefined
2022-01-10 22:45:18
Proposed
setCollateralParams
2/2
Aye(2)
Nay(0)
2022-01-10 22:48:48
Vote
2022-01-11 02:59:06
Vote
2022-01-11 02:59:30
Closed
2022-01-11 02:59:30
Approved
2022-01-11 02:59:30
Executed
Result
Succeed
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