increase the nomad assets liquidation incentives from 1.05 to 1.99

Ideation & Discussion Idea
1

Title: increase the nomad assets liquidation incentives from 1.05 to 1.8
Author(s): comcat
Related Discussions: NA
Submission Date: 20221014

Summary: increase the nomad assets liquidation incentives from 1.05 to 1.9
Overview: the nomad bridge is about to restart, and it gives a way to bridge the assets back to mainnet. that means the bad debt exists in moonwell may get solved. however, the nomad assets now in the moonwell platform is forbidden to borrow and mint, but able to liquidate. to incentive the community, i suggest to increase the liquidation incentive of those bad debt from 1.05 to 1.9 to make it attractive. it is also good for moonwell platform.
Motivation: nomad bridge is about to restart
Implementation: increase the liquidation incentive from 1.05 to 1.99
Voting: Define what a “Yay” and “Nay” vote entails. If there are any Snapshot votes or forum polls associated with this proposal, please attach them.

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Hey 0xacrush,

Thanks for sharing your idea with the community! I did want to chime and and say that AFAIK, it’s not possible to set the liquidation incentive higher for just .mad assets, it’s a protocol-wide setting.