MakerDAO has voted to approve an emergency proposal to change parameters related to assets such as USDC, which will be executed on-chain within 48 hours

ChainCatcher news, the MakerDAO community has voted to approve a series of emergency proposals for parameter changes initiated yesterday, with the submitted parameter change plan to be deployed within 48 hours, specifically at UTC time March 13, 16:14.

It is reported that the proposal suggests changing the risk and governance parameters related to USDC assets, lowering the debt ceiling for USDC-related LPs such as UNIV2USDCETH-A, UNIV2DAIUSDC-A, GUNIV3DAIUSDC1-A, and GUNIV3DAIUSDC2-A to 0.

The proposal also calls for changes to some parameters of the anchored stable modules such as PSM-USDC-A and PSM-GUSD-A to mitigate protocol risks. The proposed changes aim to limit Maker's risk exposure to potentially impaired stablecoins and other risky collateral while maintaining sufficient liquidity to prevent DAI from trading significantly above 1 dollar when conditions change, and to ensure there is enough market liquidity to handle potential liquidations of the crypto collateral pool. (source link)