I would propose increasing the issuance and redemption throttle minimums even further, to ≈$5M and ≈$6M, respectively.
Issuance: 1,7000 ETH or 10%, whichever is greater
Redemption: 2,000 ETH or 12.5%, whichever is greater
I propose this because:
- For redemption, I think the probability of an exploit from a bug that makes use of redemption is low enough that risking up to 2,000 ETH or 12.5% is an acceptable risk
- For issuance, the throttle is meant to protect from an attacker minting while collateral is mid-default and benefitting from RSR-funded recapitalization, but ETH+, by design, does not have much RSR collateral, so it’s not a very attractive target for someone to try to exploit this way, and the total loss that could be taken by ETH+ holders in this case is low anyways, as there is not much RSR to cover them in the event of a default and thus not much to lose
These numbers would presumably make minting and farming ETH+ more convenient and attractive, which seems worth the small tradeoff in risk.
@0xSleepy, what do you think of this approach?