Proposal

Following the discussion post on Interlay (https://interlay.subsquare.io/post/14), and the numerous requests by Vault operators, I propose the activation of USDT as a vault collateral on Kintsugi.

The configuration proposed (taking account analysis by the Interlay team) for USDT is as follows:

• Initial collateral ceiling: 100.000,00 USD equivalent
• Secure collateral threshold: 165%
• Premium redeem threshold: 155%
• Liquidation threshold: 140%
• Minimum collateral threshold: 150 USDT

Resources:

• USDT Asset Registered: https://kintsugi.subsquare.io/democracy/referendum/68
• Statemint XCM Channel: https://kintsugi.subsquare.io/democracy/referendum/60
• Governance guides: https://docs.interlay.io/#/guides/governance (incl. how to make a proposal)
• Python code used for analysis of new assets proposed as vault collateral: https://github.com/interlay/collateralization-analysis