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KAVA $0.06827 0.70% Market cap $73.9M

Add UST to Kava Mint

Proposal #70 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.01 KAVA

Overview

Updated

Passed

Voting ended
Feb 3, 2022
Opened Jan 27, 2022
Submitted
Jan 27, 2022
Jan 27, 20:27 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 46.6M KAVA
  • No 1.21M KAVA
  • No with veto 3.92K KAVA
  • Abstain 405K KAVA

Description

The purpose of this proposal is to add Terra-UST token as a collateral type to Kava Mint. UST providers will now have access to more earning opportunities on Kava chain. Additionally, adding UST will further help stabilize USDX price by providing the ability to mint USDX with high capital efficiency. Parameter changes include: Borrow APY: 0%. Liquidation Ratio: 101%. Liquidation Penalty: 7.5%. Pricefeed: fixed at $1. Debt Limit: 100M USDX. USDX Max Auction Size: 1M UST

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 UST to Kava Mint",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"6000000… (4,334 characters)",
                "subspace": "cdp"
            },
            {
                "key": "GlobalDebtLimit",
                "value": "{\"denom\":\"usdx\",\"amount\":\"405000000000000\"}",
                "subspace": "cdp"
            }
        ],
        "description": "The purpose of this proposal is to add Terra-UST token as a collateral type to Kava Mint. UST providers will now have access to more earning opportunities on Kava chain. Additionally, adding UST will further help stabilize USDX price by providing the ability to mint USDX with high capital efficiency. Parameter changes include: Borrow APY: 0%. Liquidation Ratio: 101%. Liquidation Penalty: 7.5%. Pricefeed: fixed at $1. Debt Limit: 100M USDX. USDX Max Auction Size: 1M UST"
    },
    "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.