This proposal, if approved, will:
- switch DOT from the current
2-9-100 Supply & Borrow strategy, to a new 1-4.5-50 strategy - effectively reducing the borrow APY by 50% at every part of the utilisation curve
- change the PRIME price oracle to
1.024
For background context on the DOT rate strategy, on the 14th March Polkadot will reduce the rate of DOT issuance by 55% - at this block specifically: https://polkadot.subscan.io/block/30354008
This rate change in Supply & Borrow will ensure that GDOT + vDOT looping remain viable strategies after the change.