0x1ff60e85…c011sent to0xc4dd018f…26f9·#18,878,039·0x4ca099a2…48e50c
Good morning,
We ve posted a governance proposal to adjust the risk parameters for crvUSD in the Silo Llama markets. Given that you're borrowing CRV, the proposal will severely reduce your position s health factor and might result in liquidation. We recommend adjusting your position by adding more collateral or reducing your loan size. You can check your position in the spreadsheet below.
Positions: https://docs.google.com/spreadsheets/d/1rgFSLdTzbYyc4j9JxzyIeQuN7i6tIcYnO4mr7vPjUMI/edit#gid=0
Proposal: https://gov.silo.finance/t/adjusting-risk-params-for-crvusd-on-silo-llama/433
Action Plan
1- Announce the proposal to alert borrowers of CRV/LINK/YFI (ongoing)
2- Contact borrowers whose positions will become riskier to adjust positions (ongoing)
3- Run a snapshot proposal for consensus.
4- Execute the proposal once all impacted users have acknowledged the proposal.
If you have any questions, please reach out to us on any of our official channels:
https://linktr.ee/SiloFinance