Phase 3 of this proposal has been put to vote. Given current market conditions, the state before and after the vote for the WBTC and wstETH markets are:
BEFORE
wbtc-long min/max rate is 0.0068% / 68.19%
wbtc-long borrow rate is 8.78%
Monetary policy at 0x3f39EEF6d51F2F155a5D0D5E75BeAA36EDe93A45
wsteth-long min/max rate is 0.0303% / 69.75%
wsteth-long borrow rate is 13.58%
Monetary policy at 0xfa89F2570C3D90F0ECc4C29Eab01D2DC28C046ED
AFTER
wbtc-long min/max rate is 0.0005% / 69.89%
wbtc-long borrow rate is 5.08%
Monetary policy at 0x3f39EEF6d51F2F155a5D0D5E75BeAA36EDe93A45
wsteth-long min/max rate is 0.0061% / 71.53%
wsteth-long borrow rate is 9.91%
Monetary policy at 0xfa89F2570C3D90F0ECc4C29Eab01D2DC28C046ED
This vote is live here: