SCCP-112: Ending Trial ETH Loan Programs
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-05-25 |
Implementor
Jackson (@jacko125)
Simple Summary
This SCCP proposes to end the ETH trial loan programs for both both contracts 0xfED77055B40d63DCf17ab250FFD6948FBFF57B82 and 0x7133afF303539b0A4F60Ab9bd9656598BF49E272 by triggering the setLoanLiquidationOpen.
Abstract
The programs have long past their due date and now can be ended as we transition to multi-loan collateral loan contracts is complete.
Motivation
Users can now procure synths more easily with the wrappr and the multi-collateral loan contracts, therefore decommissioning the trial contracts will alleviate some of the confusion on having multiple programs running simultaneously. It is important to mention that users will be accorded at least a month to close their loans, however, users that do not close their loans by the deadline would permanently lose access to their collateral.
Copyright
Copyright and related rights waived via CC0.