[@12Z8...DpYu](12Z8vWgQZSDhVXdvoUxpbdfcr9KDH2W3sypL42m9neJoDpYu-hydradx) It's not that low right now, but it's a fixed interest rate, so I think it's actually quite competitive. Because nobody wants to suffer from a sudden interest rate pump.

[@xupanweb3](1TW9Ygr9c2gQ76EZB9qyM2infUxn7Pt8CJBNQZiZ18UXSRk-hydradx) 

In general I agree. But is it really fixed if we decrease it now? We may also increase it in the future?

[@Giraffe](15393VqXBSpxYDXALvGxbaeZoHwfDmh3jgG2t2iGK9vSAx7K-hydradx) I think we should be mindful of market conditions and adjust accordingly - I don't know how best to structure it... whether it's fixed "review" periods, or agreeing some reasonable maximum number of reviews or something

For example, if borrow rates broadly are slashed to 1% then that would be an extinction event for HOLLAR if it remained always at 5%

 It's not that low right now, but it's a fixed interest rate, so I think it's actually quite competitive. Because nobody wants to suffer from a sudden interest rate pump

This proposal, if approved, will:

- reduce the borrow APR for HOLLAR from `5%` -> `4.5%` - this brings it closer to the current borrow APR of USDT + USDC and makes borrowing it more attractive, at a time when stablecoin borrowing demand is reduced
- update the GIGAETH stablepool peg to `~1.22789`
- update the PRIME stablepool peg to `~1.0212`

calls

Deciding

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Reduce HOLLAR borrow APR to 4.5%

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