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KAVA $0.06827 0.70% Market cap $73.9M

Update CDP debt limits

Proposal #22 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.01 KAVA

Overview

Updated

Passed

Voting ended
Nov 17, 2020
Opened Nov 10, 2020
Submitted
Nov 10, 2020
Nov 10, 03:37 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 50.1M KAVA
  • No 1.33K KAVA
  • No with veto 0 KAVA
  • Abstain 293 KAVA

Description

This proposal sets the global debt limit to 112,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M)

What it does

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

  1. Parameter change cosmos.params.v1beta1 
    {
    "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
    "content": {
        "@type": "/cosmos.params.v1beta1.ParameterChangeProposal",
        "title": "Update CDP debt limits",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"3000000… (1,726 characters)",
                "subspace": "cdp"
            },
            {
                "key": "GlobalDebtLimit",
                "value": "{\"denom\":\"usdx\",\"amount\":\"112500000000000\"}",
                "subspace": "cdp"
            }
        ],
        "description": "This proposal sets the global debt limit to 112,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M)"
    },
    "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.