Proposal to increase LTV for UNI
Proposal to increase the LTV for UNI to 70%
Overview
The UNI token is the governance token to the Uniswap Protocol. UNI holders can engage in protocol governance by delegating their voting power to their address or an address of their choosing.
The LTV was initially set conservatively to 55% because UNI is an uncapped collateral. The increase to 70% will bring it in alignment with other collateral on Interest Protocol of similar risk profile.
We have not seen a ton of demand for UNI as a collateral but hopefully this increase in LTV will make IP a more competitive venue to originate loans from.
Parameters
Token Address: [0x1f9840a85d5af5bf1d1762f925bdaddc4201f984]
LTV: 70%
Liquidation incentive: 15%
Uncapped