This proposal is brief but continued input from the community is always very helpful.
Current: Borrower’s loan size is capped at the lesser of 15.00% of their total assets (credit score adjusted) or 15.00% of the lending pool in which they choose to borrow.
Proposed: Borrower’s loan size is capped at the lesser of 15.00% of their total assets (credit score adjusted) or 15.00% of each of our existing lending pools in which they choose to borrow. For example, if a Borrower has $50bn in assets then based on our currently lending pool size they would have access to 15% of the TUSD, 15% of the USDC and 15% of the USDT pools.
The purpose of this proposal is to not only drive utilization, but also to allow very large Borrowers that present minimal credit risk the opportunity to access loans that are meaningful relative to their current assets. This is another opportunity to keep reputable borrowers active on our protocol as we grow our liquidity pools over time. If approved, we would retroactively offer these revised terms to our largest borrowers that qualify.
Very much appreciate any feedback. Thank you.
- Yes, increase maximum loan size to 15% of each pool to qualified borrowers
- No, maintain status quo and reevaluate in future