Author:
Chas Smith, community member
Created:
11/01/2021
Status:
DRAFT
Summary
Raise the debt ceiling to 12,000,000 kUSD
Motivation
Keep space in the debt ceiling for large liquidations.
Details
The debt ceiling is currently ~1.4 million kUSD from being maxed out. There are some very large ovens with over 1 million kUSD borrowed. In order for a private party to mint kUSD and liquidate those ovens, the debt ceiling surplus needs to be high enough to cover those oven amounts. For that reason, this proposal requests a debt ceiling increase to 12,000,000 kUSD.