Reduce USDGLO Collateral Factor to 0% – queue_set_reserve
YieldBlox DAO proposes reducing USDGLO collateral factor to 0% in Blend V2 via Soroban Governor. This initiates step 1 of Blend's standard two-step reserve modification; a 7-day timelock follows before the final activation vote.
YieldBlox DAO has submitted a governance proposal to reduce the collateral factor of USDGLO (Glo Dollar) to 0% in the Blend Capital V2 lending protocol. The proposal uses the Soroban Governor framework to execute queue_set_reserve, which initiates the first step of Blend's standard two-step reserve modification process. Upon execution, a mandatory 7-day timelock period begins, during which a second proposal calling set_reserve must be submitted to finalize the change. This governance structure ensures community oversight and time for consideration before activation.
