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KAVA $0.0682 up 0.19% Market cap $73.8M

Add HBTC to the list of allowed CDP collaterals

Proposal #34 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.0133 KAVA

Overview

Updated

Passed

Voting ended
Feb 17, 2021
Opened Feb 10, 2021
Submitted
Feb 10, 2021
Feb 10, 03:04 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 33.8M KAVA
  • No 146 KAVA
  • No with veto 12.4 KAVA
  • Abstain 33.7 KAVA

Description

This proposal adds HBTC as an allowed CDP collateral. The global debt limit is set to 142,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 10M, HARD-A: 10M, HBT-C: 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": "Add HBTC 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… (2,761 characters)",
                    "subspace": "cdp"
                },
                {
                    "key": "GlobalDebtLimit",
                    "value": "{\"denom\":\"usdx\",\"amount\":\"142500000000000\"}",
                    "subspace": "cdp"
                }
            ],
            "description": "This proposal adds HBTC as an allowed CDP collateral.  The global debt limit is set to 142,500,000 USDX (BNB-A: 30M, BTC-A: 15M, XRPB-A: 7.5M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 10M, HARD-A: 10M, HBT-C: 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.