YieldBlox
Reduce EURC Collateral Factor to 0% – queue_set_reserve
YieldBlox DAO proposes reducing the EURC collateral factor to 0% on Blend Protocol via Soroban Governor governance. The proposal queues a reserve parameter change as the first step of Blend's standard two-step governance process, which mandates a 7-day timelock before a second proposal can finalize the change.
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YieldBlox DAO proposes reducing EURC's collateral factor to 0% on Blend Protocol, using Soroban Governor for governance. The proposal initiates Blend's two-step governance process: first, it queues the parameter change; then, after a mandatory 7-day timelock, a second proposal finalizes the change on-chain. This structure ensures security by allowing the community time to review and respond to major protocol modifications.
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