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TrueFi · closed proposal
[Expedited TIP] Boost TRU staking 2.5x and reduce staking threshold
0x8Fac…1F4c·ended 5y ago
Voters
17
TRU voted
6.50M
Token price
—
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
YES, approve this expedited TIP6.50M (100.0%)
NO, discuss it further in the fo0 (0.0%)
6.50M TRU · 17 votersblock 11664934
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · TrueFi
Original Author(s) Rafael Cosman and Jack Sun https://forum.truefi.io/t/proposal-expedited-tips/208
Summary: This expedited TIP looks to increase TRU staking rewards by a factor of 2.5x and reduce the amount of staked TRU a loan needs for approval by 50%.
Background: The current threshold for loan approval requires that each loan has TRU staked on it equivalent to the dollar amount of the loan. Staking rewards are approximately equal to the APY generated on the loan, in the current high gas environment 11-12% APY on TRU staking with lengthy lockups is often not attractive enough to bring i…
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