Proposal Details

Proposal #162

Passed

Proposal title

ATOM Interest Rate Parameter Update

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

100.00%

Proposal #162 description


mrc: 69 title: ATOM Interest Rate Parameter Update authors: Delphi Labs forum-url: https://forum.marsprotocol.io/t/1151

Summary

The objective of this proposal is to decrease the slope_1 parameter of the ATOM market from 0.2 to 0.14. This parameter is related to the interest rate mechanism of the market. For a deeper understanding of how it works we recommend reading this proposal.

Motivation

The reason we believe this adjustment is needed is that the Cosmos Hub recently reduced the maximum inflation rate parameter from 20 to 10%. As expected, this change has led to a decrease in the ATOM staking APR from ~20% to ~14%. Given this, we believe the current slope_1 parameter of 20% is too aggressive towards borrowers and could be hurting borrowing demand. This proposal aims to fix that imbalance.

Risks

We don’t foresee any additional new risks stemming from this update.

Implementation

This is a signaling proposal, not an executable proposal.

The Mars smart contracts on the Osmosis and Neutron chains are currently controlled by the Builder Multisig address. If this proposal passes, the builders will utilize their multisig to make the necessary parameter changes.

Copyright

Copyright and related rights waived via CC0.

Disclaimers/Disclosures

This proposal is being made by Delphi Labs Ltd., a British Virgin Islands limited company. Delphi Labs engages in incubation, investment, research and development relevant to multiple ecosystems and protocols, including the Mars Protocol. Delphi Labs and certain of its service providers and equity holders own MARS tokens and have financial interests related to this proposal. Additionally, Delphi Labs is one of several entities associated with one another under the “Delphi Digital” brand. Delphi Digital’s associated entities and/or equityholders or service providers of such entities may hold MARS and may have financial interests related to this proposal. All such entities, service providers, equity holders and other related persons may also have financial interests in complementary or competing projects or ecosystems, entities or tokens, including Osmosis/OSMO, Neutron/NTRN and Cosmos/ATOM. These statements are intended to disclose relevant facts and to help identify potential conflicts of interest, and should not be misconstrued as a complete description of all relevant interests or conflicts of interests; nor should they be construed as a recommendation to purchase or acquire any token or security.

This proposal is also subject to and qualified by the Mars Disclaimers/Disclosures. Delphi Labs may lack access to all relevant facts or may have failed to give appropriate weighting to available facts. Delphi Labs is not making any representation, warranty or guarantee regarding the accuracy or completeness of the statements herein, and Delphi Labs shall have no liability in the event of losses or damages ensuing from approval or rejection or other handling of the proposal. Each user and voter should undertake their own research and make their own independent interpretation and analysis of all relevant facts and issues to arrive at their own personal determinations of how to vote on the proposal.

Proposal #162 overview

Total votes
544
Voters
537
Total deposit
5,000 MARS

Proposal #162 votes

#

Validator

Account Address

Options
1CrosnestYes
2black lodgeYes
3Chorus OneYes
4Frens (🤝,🤝)Yes
5ECO Stake 🌱Yes
6TessellatedYes
7Smart Stake 📈📊Yes
8Golden Ratio StakingYes
9PFC - The Panamanian Flower CompanyYes
10Coinage x DAICYes
11ForboleYes
12StakecitoYes
13Mewn Man EUYes
14Stake&Relax 🦥Yes
15CosmosPug 🍒Yes
16Staking4AllYes
17Crypto Lion 🦁Yes
18SCV-SecurityYes
19Nuxian-LabsYes
20Oni ⛩️Yes
21✅ CryptoCrew Validators #IBCgangYes
22Imperator.coYes
23KeplrYes
24Swiss StakingYes
25Orbital CommandYes
26Staker SpaceYes
27CosmosMan | AiC DAOYes
284719Yes
29CosmostationYes
30P2P.ORG ValidatorYes
310base.vcYes
32CoinwikiYes
33genznodesYes
34polkachu.comYes
35Synergy NodesYes
36in3s.comYes

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