Freeze MAI/MIMATIC, set LTV -> 0 for Arbitrum, Avalanche, Polygon, Optimism v3
Given the MAI/MIMATIC drawdown to 0.88 over the past 24 hours, after the July drawdown to 0.94, MAI/MIMATIC has been trading outside of its intended peg to $1. Gauntlet recommends freezing MAI/MIMATIC and setting MAI/MIMATIC LTV -> 0.
|Arbitrum||MAI/MIMATIC||Freeze Reserve, set LTV -> 0|
|Optimism||MAI/MIMATIC||Freeze Reserve, set LTV -> 0|
|Avalanche||MAI/MIMATIC||Freeze Reserve, set LTV -> 0|
|Polygon||MAI/MIMATIC||Freeze Reserve, set LTV -> 0|
The proposal implements changes on Arbitrum, Optimism, Polygon, Avalanche v3 using the following pre-deployed payloads:
Changes on Avalanche can be implemented using the pre-deployed steward located at
Gauntlet has not received any compensation from any third-party in exchange for recommending any of the actions contained in this proposal.
Copyright and related rights waived via CC0.
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