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KAVA $0.06827 up 0.70% Market cap $73.9M

Update Stability Committee Permissions to Include USDt in Lend and Mint

Proposal #156 on Kava

Overview

Updated

Passed

Voting ended
Aug 16, 2023
Opened Aug 9, 2023
Submitted
Aug 9, 2023
Aug 9, 22:51 UTC
Deposit
1,000 KAVA
Type
Committee change

Votes

  • Yes 36.1M KAVA
  • No 316K KAVA
  • No with veto 0 KAVA
  • Abstain 24.6M KAVA

Description

Update Stability Committee Permissions to Include USDt in Lend and Mint

Description

This proposal updates the stability committee permissions for the recently added USDt markets in Mint and Lend.

Vote Yes

By voting yes, you agree with updating the stability committee permissions.

Vote No

By voting no, you disagree with updating the stability committee permissions.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Committee change kava.committee.v1beta1
    {
        "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
        "content": {
            "@type": "/kava.committee.v1beta1.CommitteeChangeProposal",
            "title": "Update Stability Committee Permissions to Include USDt in Lend and Mint",
            "description": "# Update Stability Committee Permissions to Include USDt in Lend and Mint\n\n## Description\nThis proposal updates the stability committee permissions for the recently added USDt markets in Mint and Lend.\n\n## Vote Yes\nBy voting yes, you agree with updating the stability committee permissions.\n\n## Vote No\nBy voting no, you disagree with updating the stability committee permissions.\n",
            "new_committee": {
                "@type": "/kava.committee.v1beta1.MemberCommittee",
                "base_committee": {
                    "id": "1",
                    "members": [
                        "kava1gru35up50ql2wxhegr880qy6ynl63ujlv8gum2",
                        "kava1sc3mh3pkas5e7xd269am4xm5mp6zweyzmhjagj",
                        "kava1c9ye54e3pzwm3e0zpdlel6pnavrj9qqv6e8r4h",
                        "kava1m7p6sjqrz6mylz776ct48wj6lpnpcd0z82209d",
                        "kava1a9pmkzk570egv3sflu3uwdf3gejl7qfy9hghzl"
                    ],
                    "description": "Kava Stability Committee",
                    "permissions": [
                        {
                            "@type": "/kava.committee.v1beta1.ParamsChangePermission",
                            "allowed_params_changes": [
                                {
                                    "key": "IncrementSurplus",
                                    "subspace": "auction",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "IncrementDebt",
                                    "subspace": "auction",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "IncrementCollateral",
                                    "subspace": "auction",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "GlobalDebtLimit",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "SurplusThreshold",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "SurplusLot",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "DebtThreshold",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "DebtLot",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "DistributionFrequency",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "Active",
                                    "subspace": "incentive",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "Active",
                                    "subspace": "kavadist",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "MinimumBorrowUSDValue",
                                    "subspace": "hard",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "CollateralParams",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [
                                        {
                                            "key": "type",
                                            "val": "bnb-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "btcb-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "busd-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "busd-b",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "xrpb-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "ukava-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "hard-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "hbtc-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "swp-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        },
                                        {
                                            "key": "type",
                                            "val": "usdt-a",
                                            "allowed_subparam_attr_changes": [
                                                "auction_size",
                                                "check_collateralization_index_count",
                                                "debt_limit",
                                                "keeper_reward_percentage",
                                                "stability_fee"
                                            ]
                                        }
                                    ],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "DebtParam",
                                    "subspace": "cdp",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": [
                                        "debt_floor"
                                    ]
                                },
                                {
                                    "key": "AssetParams",
                                    "subspace": "bep3",
                                    "multi_subparams_requirements": [
                                        {
                                            "key": "denom",
                                            "val": "bnb",
                                            "allowed_subparam_attr_changes": [
                                                "active",
                                                "limit",
                                                "max_swap_amount",
                                                "min_block_lock"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "busd",
                                            "allowed_subparam_attr_changes": [
                                                "active",
                                                "coin_id",
                                                "limit",
                                                "max_swap_amount",
                                                "min_block_lock"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "btcb",
                                            "allowed_subparam_attr_changes": [
                                                "active",
                                                "limit",
                                                "max_swap_amount",
                                                "min_block_lock"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "xrpb",
                                            "allowed_subparam_attr_changes": [
                                                "active",
                                                "limit",
                                                "max_swap_amount",
                                                "min_block_lock"
                                            ]
                                        }
                                    ],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "Markets",
                                    "subspace": "pricefeed",
                                    "multi_subparams_requirements": [
                                        {
                                            "key": "market_id",
                                            "val": "bnb:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "bnb:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "btc:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "btc:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "xrp:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "xrp:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "busd:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "busd:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "kava:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "kava:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "hard:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "hard:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "usdx:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "usdx:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "usdx:usd:720",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "swp:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "swp:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "atom:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "atom:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "akt:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "akt:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "luna:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "luna:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "osmo:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "osmo:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "ust:usd",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        },
                                        {
                                            "key": "market_id",
                                            "val": "ust:usd:30",
                                            "allowed_subparam_attr_changes": [
                                                "active"
                                            ]
                                        }
                                    ],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "MoneyMarkets",
                                    "subspace": "hard",
                                    "multi_subparams_requirements": [
                                        {
                                            "key": "denom",
                                            "val": "btcb",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "bnb",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "xrpb",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "busd",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "erc20/axelar/usdc",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "erc20/multichain/usdc",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "erc20/multichain/usdt",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "erc20/multichain/wbtc",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "usdx",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "ukava",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "hard",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "ibc/27394FB092D2ECCD56123C74F36E4C1F926001CEADA9CA97EA622B25F41E5EB2",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "ibc/799FDD409719A1122586A629AE8FCA17380351A51C1F47A80A1B8E7F2A491098",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor",
                                                "spot_market_id"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "erc20/axelar/wbtc",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        },
                                        {
                                            "key": "denom",
                                            "val": "erc20/tether/usdt",
                                            "allowed_subparam_attr_changes": [
                                                "borrow_limit",
                                                "interest_rate_model",
                                                "keeper_reward_percentage",
                                                "reserve_factor"
                                            ]
                                        }
                                    ],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "ForwardBidDuration",
                                    "subspace": "auction",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "ReverseBidDuration",
                                    "subspace": "auction",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "EnabledConversionPairs",
                                    "subspace": "evmutil",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "SupportedDenoms",
                                    "subspace": "savings",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "AllowedVaults",
                                    "subspace": "earn",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                },
                                {
                                    "key": "AllowedCosmosDenoms",
                                    "subspace": "evmutil",
                                    "multi_subparams_requirements": [],
                                    "single_subparam_allowed_attrs": []
                                }
                            ]
                        },
                        {
                            "@type": "/kava.committee.v1beta1.TextPermission"
                        },
                        {
                            "@type": "/kava.committee.v1beta1.CommunityCDPRepayDebtPermission"
                        },
                        {
                            "@type": "/kava.committee.v1beta1.CommunityPoolLendWithdrawPermission"
                        },
                        {
                            "@type": "/kava.committee.v1beta1.CommunityCDPWithdrawCollateralPermission"
                        }
                    ],
                    "tally_option": "TALLY_OPTION_FIRST_PAST_THE_POST",
                    "vote_threshold": "0.500000000000000000",
                    "proposal_duration": "604800s"
                }
            }
        },
        "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
    }

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Kava votes on Oct 29, 2026, and the chain deletes votes when voting ends.