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KAVA $0.06785 0.39% Market cap $73.5M

Adjust liquidation penalty in Kava Mint to 2.5%.

Proposal #86 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
Jun 6, 2022
Opened May 30, 2022
Submitted
May 30, 2022
May 30, 13:50 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 49.8M KAVA
  • No 424K KAVA
  • No with veto 357 KAVA
  • Abstain 32.6K KAVA

Description

As part of the goal of improving the decentalization and liquidity of auction keepers, this proposal reduces the liquidation penalty in Kava Mint from 7.5% to 2.5%.

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": "Adjust liquidation penalty in Kava Mint to 2.5%.",
        "changes": [
            {
                "key": "CollateralParams",
                "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"6000000… (3,841 characters)",
                "subspace": "cdp"
            }
        ],
        "description": "As part of the goal of improving the decentalization and liquidity of auction keepers, this proposal reduces the liquidation penalty in Kava Mint from 7.5% to 2.5%."
    },
    "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.