I am proposing we add more funding to the stable coin borrow supply. The initial funding period has been a success and the function is apparently in high demand as 95% of the supplied stable coins are being borrowed. The demand will only increase once vDOT is added as a collateralized asset. The current borrow APY is around 40% which is a deterrent to any community members looking to participate. With $3+ million in our USDC/T stable pool, I believe we have some funds to spare in this regard. Looking forward to the discussions on this.
To start the discussion, what amount should be proposed? I was thinking $300k or more.