Increase iUSD MCR to 120%

[zygomeb]

Cross-Linking

Increase iUSD MCR to ensure protocol solvency

The choice to launch iUSD with 110% MCR was in my opinion highly controversial. In this moment of no competition for Indigo it is paramount that the solvency of the protocol and proving in volatile environment the efficiency of liquidations during large downturns (and congested network). With this in mind, and knowing that the CDP creation demand balances out upside depeg I don’t believe that 1.10 usd (reasonable upwards bound for 110% MCR) is any cope – and already leaves a mark on the system. …