Prop 117: Launch new Asset Backed Securities (ABS) pool on Prime (formerly Democratized Prime)

This governance proposal seeks permission from HASH holders for the launch of a new Asset Backed Securities (ABS) pool on Prime (formerly Democratized Prime) to support borrowing and lending of YLDS against the AAA tranche of Figure’s subsequent HELOC ABS, with the following pool parameters: (1) Max advance LTV: 92%; (2) Liquidation LTV: 98%; (3) Target kink rate: 95%; (4) ABS pool borrower rates: (a) Minimum: 4.00%, (b) Target: 4.50%, (c) Maximum: 7.00%.