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KAVA $0.0682 0.19% Market cap $73.8M

Increase USDX debt limits

Proposal #35 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.0133 KAVA

Overview

Updated

Passed

Voting ended
Feb 23, 2021
Opened Feb 16, 2021
Submitted
Feb 16, 2021
Feb 16, 17:24 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 33.9M KAVA
  • No 72.7 KAVA
  • No with veto 0 KAVA
  • Abstain 875 KAVA

Description

This proposal increases debt limits for CDP collaterals. The global debt limit is set to 245,000,000 USDX (BNB-A: 60M, BTC-A: 60M, XRPB-A: 20M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 20M, HARD-A: 15M, 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": "Increase USDX debt limits",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"6000000… (2,762 characters)",
                "subspace": "cdp"
            },
            {
                "key": "GlobalDebtLimit",
                "value": "{\"denom\":\"usdx\",\"amount\":\"245000000000000\"}",
                "subspace": "cdp"
            }
        ],
        "description": "This proposal increases debt limits for CDP collaterals.  The global debt limit is set to 245,000,000 USDX (BNB-A: 60M, BTC-A: 60M, XRPB-A: 20M, BUSD-A: 50M, BUSD-B: 10M, KAVA-A: 20M, HARD-A: 15M, 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.