Request for Proposal (RFP): Redemption and Reallocation of Nomad Collateral and Protocol Reserves for FRAX Market Enhancement

[elliot]

The first proposal is live on Moonbeam, please take a look at the proposal!

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MIP-M16: Redemption and Reallocation of Nomad Collateral and Protocol Reserves for FRAX Market Enhancement (Proposal 1)

Overview Currently, the maximum number of actions a proposal can execute is 25. However, this will need to be increased in order to handle the volume of actions that will be required in order to fix the bad debt accounts in proposal 2. This proposal will increase the maximum number of proposal actions to 1,000 so that future proposals are not bottlenecked on the number of actions they can take. During this proposal, all Nomad reserves will be transferred to the community multisig. This will allo…