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KAVA $0.06784 0.56% Market cap $73.5M

Set BUSD interest rate to 5% APY

Proposal #26 on Kava

Kava network: Day Nov 4 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
Dec 14, 2020
Opened Dec 7, 2020
Submitted
Dec 7, 2020
Dec 7, 16:43 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 38.4M KAVA
  • No 26.3K KAVA
  • No with veto 15.5 KAVA
  • Abstain 0 KAVA

Description

This proposal sets the interest rate for BUSD CDPs to 5% APY.

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": "Set BUSD interest rate to 5% APY",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"3000000… (2,073 characters)",
                "subspace": "cdp"
            }
        ],
        "description": "This proposal sets the interest rate for BUSD CDPs to 5% APY."
    },
    "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.