[Governance Poll] Reduce Minimum Risk Cost

Over the past month since the minimum risk cost was increased from 1% to 4% (minimum cover price increased from 1.3 to 5.2% APY), we have seen a significant deterioration in covers purchased. For example, the last two weeks have only seen purchases of ~460k and 350k respectfully. Should we reduce the staked_risk_cost_low from 4% to something lower? If so, what should be the new rate?

  • 3.5%
  • 3%
  • 2.5%
  • 2%
  • 1.5%
  • No Change
  • Abstain

0 voters

Combined with strong signal on discord poll, 2% is the consensus. Member vote is now live. Go vote! https://app.nexusmutual.io/governance