TL;DR: Mint 20m MIM to the be deposited in the gmCauldrons cauldron to allow new positions to be opened.
Given the enormous success of our gmCauldrons, which have been constantly selling out since the launch, the following proposal is to mint an additional 20m MIM cumulative for all cauldrons, raising the total borrowable amount of MIM for these group of cauldrons to 40m.
Cumulative Previous Limit: 20m MIM
Cumulative New Limit: 40m MIM
This top up will be executed by the DAO multisigners, if this proposal were to pass, coherently with liquidity conditions.
Further top ups would require an additional vote following this proposal’s template.
In order to ensure a smooth top up process and coherently with AIP #34, the following proposal will remain live for 24 hours, a snapshot vote will be going live today 16:00 CET. If this proposal passes the MIM will be minted, the top up would be executed progressively depending on liquidity conditions.
The snapshot can be found here.
The proposal has passed and the top up has been executed.