ADR005 Amendment1: Permanently Sunset ILP
Amendment 1, Nov 23: Permanently Sunset ILP
As of Blockheight 13,333,333
, ILP is as follows:
ETH.FOX 29,683
BTC.BTC 22,984
ETH.XRUNE 18,431
ETH.TGT 1,914
ETH.ETH 1,433
ETH.UOS 814
BNB.TWT 521
ETH.DPI 262
DOGE.DOGE 240
BNB.BNB 199
BNB.BUSD 100
TOTAL: 76,793
Since ILP is effectively negligible to the vast amount of grandfathered users (who have had this protection available to them the entire time, but did not take it), the protocol should take the opportunity to permanently sunset ILP. LPs should be comfortable with the risks of LPing, which is offset by the higher yields due to synths. The protocol has introduced other features (Savers, Lending) which have their own risk spectrum, so removing one line of risk is a win for the protocol -- since it has to survive both bull and bear markets. Risk manangement is a crucial part of survivability.
To affect this, nodes should vote by setting
FULLIMPLOSSPROTECTIONBLOCKS 0