yETH : Why is maker vault collateralization ratio at 350% instead of 200%?

Am I missing something ? As stated in strategy collateralization ratio should be close 200%.

It is undergoing a unwinding process in order to implement a new strategy that will be launched for the yETH vault.


Is there a way to have details about this strategy? does it involve another maker vault ?

I would reference the new newsletter

"The vault is currently in the process of being unwound (DAI paid off) in order to implement new improvements and optimizations, not because of excessive risk. A new v2 yETH strategy will launch once this process is complete."


Thanks for the answer here.

I assume we will need to withdrawal and redeposit when the new strategy is live? The migration to the new strategy won’t happen automatically, will it?

Vault migrations happen automatically.