Quite a large vote in effort to keep the votes to a more consistent schedule.
This vote does a few things if approved.
It will increase the BTCB interest rate to 10% in order to incentivise moving to the new BTC types.
With this we are also adding coinbase BTC from base to our BTC token, as well as tBTC on arbitrum as a collateral type, which at the moment can’t be linked to our generalized BTC token.
We are also introducing a new oracle called Pyth to balanced, which in collaboration with Band will supply price data.
Initially it will provide prices for tBTC, weETH, wSTETH which will all be added as collateral types.
Finally we are also adding oracle protection for all NOL pairs basically emergency stopping trading if the oracle price goes to far from the dex price. Set at 15%.