Been thinking about whether or not to suggest a more gradual transition – like increasing the debt ceiling by 200 peth a month. But I cannot think of any significant reasons to delay increasing the ceiling since almost all of the risk is on the debtor. If I am missing anything please correct me.
This is my thought as well concerning risk – The platform’s risk is almost purely reputational, and the difference in reputational risk from 1,800 to 2,469 is insignificant.
One other reason for implementing a larger raise is that we want to bring in new borrowers, but right now pUSD is a bit toxic, and pETH is unavailable for Punks - Even large borrowers like myself are unable to utilize the new new 15% increase in LTV.
This would allow me to increase LTV boosts on the 15 punks i have deposited. This would result in approx 80 million JPEG tokens being locked, or 0.1% of the entire JPEG supply!!!