This proposal aims to increased the Fields cap for the ANC-UST strategy.
We propose to increase the Fields caps for the ANC-UST strategy from 5M UST (current cap) to 10M UST. With this increase, the new ANC-UST strategy cap would be ~8% of the size of the ANC-UST Astroport pool, which is in line with the other caps recently proposed for LUNA-UST and MIR-UST.
Increasing the caps for this strategy will allow Fields to grow and thus, Mars borrow demand to increase. While the ANC-UST strategy had been previously under-utilized, its utilization has been increasing recently and is currently maxed out, reflecting demand for the strategy.
The risks involved with increasing the caps for this strategy are the same as those explored in our previous proposal, MRC-3. As with that proposal, we believe the risks associated with increasing the caps for ANC-UST are low. To avoid repeating the same analysis here, we encourage community members interested in further understanding this assessment to review the Risks section of MRC-3, which apply to this proposal as well.
This proposal is being made by Delphi Labs Ltd., a British Virgin Islands limited company. Delphi Labs engages in incubation, investment, research and development relevant to multiple ecosystems and protocols and was part of the joint venture which researched and developed the Mars Protocol. Delphi Labs is one of several entities which associate with one another under the “Delphi Digital” brand. Delphi Digital’s associated entities and/or equityholders or service providers of such entities hold LUNA, ANC, ASTRO and MARS and may have financial interests in this proposal. Such entities and persons may also have financial interests in competing projects or ecosystems. These statements are intended to disclose relevant facts and to help identify potential conflicts of interest, and should not be misconstrued as a recommendation to purchase any token.
All risk assessments set forth herein are Delphi Labs’ evaluation of publicly available facts in its possession against the specified risk framework. Interpretation of these facts against these frameworks could reasonably vary. Additionally, Delphi Labs may lack access to all relevant facts or may have failed to give appropriate weighting to available facts. Delphi Labs is not making any representation, warranty or guarantee regarding the accuracy or completeness of its risk assessments or any of the statements set forth in this proposal, and Delphi Labs shall have no liability in the event of losses or damages ensuing from approval of the proposal. Each user and voter should undertake their own factual research and make their own independent interpretation of the facts against the risk frameworks and all other relevant risks in order to arrive at their own personal risk assessment regarding the proposal.