Hi all, Boardroom here with a proposal summary.
The main themes for this month’s recommendations are (1) USDbC deprecation on Base, (2) WBTC deprecation on Optimism, and (3) reduced exposure to Wormhole-wrapped assets on Moonbeam. For the first, the borrow and supply caps were both set to 1; for the second, the reserve factor had already been set to 100%. This month, the collateral factor was significantly reduced while both borrow and supply caps were set to 0.0001. For the third, a reduced collateral factor means that the maximum amount that can be borrowed against Wormhole assets is proportionally lower than last month. For definitions of these risk parameters and an explanation of how they work, see our previous summary.