Emergency Parameter Update: Set USDC Borrow Interest Rate to 0% to Halt Bad-Debt Growth
passed
Expected result
—
Turnout / Quorum
87.42% / 40.00%
Voting start 2026.03.29 at 11:03:12
Voting end 2026.04.02 at 11:04:12
100.00%
3 359 050 519 umee
Yes
0.00%
15 925 umee
No
0%
0 umee
Veto
0%
0 umee
Abstain
Details
Proposer
umee144plkuwn3c0t3w4a...
Total deposit
500 000 umee
Submit time
2026.03.29 at 11:03:12
Deposit end time
2026.04.12 at 11:04:12
Description
This proposal applies an emergency parameter update to the USDC borrow interest model. In the short term, by setting the USDC borrow curve to a flat 0% (base, kink, and max), the interest accrual stops entirely including bad debt. This prevents further growth of the deficit while architectural fixes are prepared. All other parameters remain unchanged.
Votes
Voter
Answer