Proposal to Modify WIP-72

Discussion
1

Proposal to Modify WIP-72
Purpose:
The purpose of this proposal is to modify the WIP-72 proposal. Specifically, we aim to address the parts related to adjusting the “supply/borrow interest rate,” which are not directly relevant to the process of delisting BUSD. We propose to replace these sections with more practical and relevant content. Upon approval of this proposal, the resolutions set forth in WIP-72 will be repealed.

Original WIP-72 Proposal:
Immediate Closure of BUSD Pools:
Effective immediately upon approval of this proposal, we will disable the borrow and supply functions for all BUSD-related pools. This will prevent any new BUSD transactions, thereby limiting exposure to the sunset risk.
Phased Reduction of Interest Rates:
First Phase:
Timeline: Upon decision approval.
Action: Reduce current borrow and supply interest rates by 50%.
Second Phase:
Timeline: A week after the first phase.
Action: Set borrow and supply interest rates to 0.

Proposed Changes:
We propose the following actions to replace the original proposal:

Adjustments to BUSD Parameters:

Wing Finance should lower the Collateral Factor of BUSD to 0, increase the Reserve Factor to 100%, adjust the WING incentive weight to 0, and disable the Supply/Borrow of BUSD.

Implementation Phases:

First Phase:
Timeline: Upon decision approval.
Action: Reduce the current Collateral Factor rates by 50% and disable the Supply/Borrow of BUSD.Increase the Reserve Factor to 100%, adjust the WING incentive weight to 0

Second Phase:
Timeline: A week after approval.
Action: Reduce the current Collateral Factor rates to 0%.

2

Let Us change the unsuitable proposal and make it better

3

This proposal ensures greater security by minimizing exposure to the sunset risk of BUSD.

4

This proposal ensures greater security by minimizing exposure to the sunset risk of BUSD.

5

The adjustments to BUSD parameters demonstrate proactive risk management, protecting the community from potential losses.

6

The phased implementation allows for swift action while giving users time to adjust to the changes.

7

Adjusting the WING incentive weight to 0 helps in reallocating resources to more stable assets.

8

Lowering the Collateral Factor effectively reduces the risk associated with holding BUSD as collateral

9

The proposed changes are likely to have a positive impact on the community, fostering trust and security.

10

The proposed changes are likely to have a positive impact on the community, fostering trust and security.

11

just do it , gogogogogogo