SKHYB has reached its supply cap again. Following the previous adjustment, SKHYB: Reducing Collateral Factor Ahead of Supply Cap Increase, we’re proposing to raise the supply cap again — from 4,500 to 5,500 SKHYB — and to reduce the collateral factor first, so the debt that can be created against SKHYB collateral stays flat while the cap rises.
Proposed Changes
| Asset | Pool | Parameter | Current | Proposed |
|---|---|---|---|---|
| SKHYB | Core | Collateral factor | 30% | 25% |
| Core | Supply cap | 4,500 SKHYB | 5,500 SKHYB |
- Collateral factor 30% → 25%, applied after a 6-hour cooldown.
- Supply cap 4,500 → 5,500 SKHYB, published once the cooldown ends.
Notes
- The liquidation threshold is unchanged at 65%, so existing borrow positions are not at risk of liquidation as a result of this change.
- Users supplying SKHYB as collateral will see their borrowing power reduced. A position whose debt exceeds its reduced borrowing power becomes repay-only: it can no longer borrow more or withdraw collateral until it pays down.
A 6-hour window is available before the new collateral factor takes effect, for users who need to borrow or redeem collateral first.