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KAVA $0.06827 up 0.70% Market cap $73.9M

Add SWP as a collateral for Kava Mint

Proposal #66 on Kava

Overview

Updated

Passed

Voting ended
Nov 4, 2021
Opened Oct 28, 2021
Submitted
Oct 28, 2021
Oct 28, 16:08 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 40.5M KAVA
  • No 19.1K KAVA
  • No with veto 0 KAVA
  • Abstain 15.7K KAVA

Description

The purpose of this proposal is to add SWP token as a collateral type to Kava Mint. This provides additional use case and source of value for the SWP token as SWP token holders will now be able to mint USDX and participate in more investing / trading strategies. Parameter changes include: Borrow APY: 5%. Liquidation Ratio: 150%. Liquidation Penalty: 7.5%. Pricefeed: 30min. Debt Limit: 10M. USDX Max Auction Size: 50,000 SWP

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 SWP as a collateral for Kava Mint",
            "changes": [
                {
                    "key": "CollateralParams",
                    "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"6000000… (3,941 characters)",
                    "subspace": "cdp"
                },
                {
                    "key": "GlobalDebtLimit",
                    "value": "{\n        \"denom\": \"usdx\",\n        \"amount\": \"305000000000000\"\n      }",
                    "subspace": "cdp"
                }
            ],
            "description": "The purpose of this proposal is to add SWP token as a collateral type to Kava Mint. This provides additional use case and source of value for the SWP token as SWP token holders will now be able to mint USDX and participate in more investing / trading strategies. Parameter changes include: Borrow APY: 5%. Liquidation Ratio: 150%. Liquidation Penalty: 7.5%. Pricefeed: 30min. Debt Limit: 10M. USDX Max Auction Size: 50,000 SWP"
        },
        "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.