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KAVA $0.06807 0.01% Market cap $73.7M

Add HARD to the list of allowed CDP collaterals

Proposal #29 on Kava

Kava network: Day Nov 4 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
Dec 24, 2020
Opened Dec 17, 2020
Submitted
Dec 17, 2020
Dec 17, 18:52 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 38.3M KAVA
  • No 37.5 KAVA
  • No with veto 0 KAVA
  • Abstain 0 KAVA

Description

This proposal adds HARD as an allowed CDP collateral. The global debt limit is set to 132,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 10M, HARD-A: 10M). See parameters at: https://ipfs.io/ipfs/QmYYu7cE3ZNHYAkyPyK1SuCnaeMFvu213wDDktVhQvvXz8/add-hard-collateral.pdf

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": "Add HARD to the list of allowed CDP collaterals",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"3000000… (2,418 characters)",
                "subspace": "cdp"
            },
            {
                "key": "GlobalDebtLimit",
                "value": "{\"denom\":\"usdx\",\"amount\":\"132500000000000\"}",
                "subspace": "cdp"
            }
        ],
        "description": "This proposal adds HARD as an allowed CDP collateral. The global debt limit is set to 132,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 10M, HARD-A: 10M). See parameters at: https://ipfs.io/ipfs/QmYYu7cE3ZNHYAkyPyK1SuCnaeMFvu213wDDktVhQvvXz8/add-hard-collateral.pdf"
    },
    "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.