I know it's a bit late now, but if I read this correctly this proposal will lead to about 11k$ worth of KBTC being minted... 

That's, uhm, a start.


#### As part of this proposal, I also suggest that we `Fast track` its enactment so that we can allow for new issuance, given that we have already had a lengthy time to discuss; and there has been no contention from the community.

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## Summary
This proposal enables the usage of `KINT` as collateral for Kintsugi vaults.

## Proposal
> ℹ️ The full discussion of this proposal can be found [in this post](https://kintsugi.subsquare.io/post/5)

```
Currently only KSM is accepted as collateral for vaults. One of the main goals for kBTC stability is to diversify the number of tokens that can be used as collateral. This has also been requested by current kBTC vault operators.

The next asset suggested as collateral is the KINT governance token. It is the quickest to enable and has also been one of the main requests from active vaults.
```

In order to enable `KINT` as collateral, to activate the new Vaults, parameters need to be changed on-chain as following:

- **Initial collateral ceiling:** `100,000 USD equivalent` (26,200 `KINT`)
- **Secure collateral threshold:** `900%`
- **Premium redeem threshold:** `650%`
- **Liquidation threshold:** `500%`
- **Minimum Collateral:** `55 KINT`

## Further Resources

- [kBTC Collateral Analysis For KSM](https://medium.com/interlay/kbtc-collateral-analysis-ksm-f481f66f8a5e)
- [Kintsugi Governance 101](https://docs.interlay.io/#/kintsugi/governance)
- [Governance guides](https://docs.interlay.io/#/guides/governance)
- [Kintsugi tokenomics](https://docs.interlay.io/#/kintsugi/tokenomics)
- [Python code used for analysis of new assets proposed as vault collateral](https://github.com/interlay/collateralization-analysis)



- The proposal suggests using a new token called KINT as collateral for Kintsugi vaults.
- KINT is a governance token and is requested by current vault operators.
- The proposal suggests changing some parameters on-chain to enable KINT as collateral.
- The initial collateral ceiling for KINT is 100,000 USD equivalent.
- The proposal suggests fast-tracking the enactment of this proposal.

Enable A New Vault Type With KINT As Collateral

As part of this proposal, I also suggest that we Fast track its enactment so that we can allow for new issuance, given that we have already had a lengthy time to discuss; and there has been no contention from the community.

Summary

Proposal

Further Resources

As part of this proposal, I also suggest that we `Fast track` its enactment so that we can allow for new issuance, given that we have already had a lengthy time to discuss; and there has been no contention from the community.