Activation of USDT as a Vault collateral on Kintsugi
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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
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0xa69312d338aa87fa3e855a7c9aaed1c64eb957c4a7a6271843b6d5208a13d2fb
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2023-02-06 09:00:18
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