Prop 137: Reduce The Minimum Utilization Threshold Temporarily (Neutron Noble USDC Pool)

Summary

The goal of this proposal is to modify the lending dynamics of the Neutron Noble USDC pool on the Nolus mainnet. As it stands, the pool operates with a minimum utilization threshold of 65%, thus preventing a case where there are many more lenders compared to borrowers, diluting the yield.

Due to a planned initiative to migrate lenders from the axlUSDC to the Noble USDC pools, we propose to reduce the minimum utilization threshold of the Astroport Noble USDC pool to 0% temporarily until the end of next week, namely 10th of August, 2024. This would allow lenders in the axlUSDC pool to move their deposited funds to the new pool to earn a better real-yield APY with additional NLS incentives on top. Those said NLS incentives are planned to be discontinued from the UI after this week-long period for liquidity migration has concluded.

By voting "YES" on this proposal, you agree to make these adjustments to the Neutron Noble USDC LPP (liquidity providers' pool) smart contract and allow the protocol to temporarily reduce the minimum utilization threshold to 0%.