Proposal Overview
This proposal aims to increase the USDM supply cap from $1M to $10M.
Market Reasoning
USDM has already demonstrated strong demand and utility, operated by a capable team. The current supply exceeds $9 million, and they appear to have significant growth potential. The current $1 million supply cap is too low based on our projections for the growth of this market.
Risk Considerations
Currently, all the reserves are backed by existing USD reserves, and we do not have any information that would change this assumption. This proposal does not change any of the market parameters previously voted on.
Specifications
Liqwid Labs developers are finalizing the technical requirements necessary to list USDM as a new market for lending and borrowing on Liqwid, in accordance with the previous vote.
The supply cap update will be set on mainnet alongside the other previously voted parameters during the USDM launch.
Conclusion
The Core Team strongly recommends the adoption of this proposal to increase the USDM supply cap.
- Yes, I support this proposal.
- No, I do support this proposal.