This proposal, if approved, will:
- Add USDT to Isolated mode
- Add USDC to Isolated mode
- Increase Isolated mode debt ceiling for PRIME to
4,000,000
Currently, only HOLLAR can be borrowed against PRIME, up to a maximum amount of 2,222,222 HOLLAR - these changes will allow HOLLAR, USDT + USDC to be borrowed against PRIME, up to a maximum combined total of 4,000,000.
The purpose of these changes are to allow PRIME looping to scale much more rapidly than with HOLLAR alone, whilst increasing the utilisation of USDT + C borrowing - benefitting HSM, H-Token pools as well as boosting yield for existing suppliers of raw USDT + C in Supply & Borrow.