Nexus Mutual Proposal Aftermath

MCR is now paused at 162,425 ETH. You can read more about the thought process behind the decision here, but I wanted to talk about the implications moving forward.

MCR will be paused there until one of the following happens:

1. A governance decision, similar to this one, is passed to programmatically grow it again because capacity is being tapped on many individual contracts.

2. Total cover exceeds 780k, which causes the gearing factor (4.8) based approach to dictate the MCR calc since it would now produce