Proposal #74
Referendum #70
Enable LKSM as collateral for Kintsugi Vaults
a3cF...AjJw
Democracy
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Executed

I would like to propose that we use LKSM as collateral. LKSM can be redeemed for KSM at any time, so it is as valuable. However, for vault operators it also earns some APY, since they get LKSM in return for staking KSM.

Thresholds for LKSM
liquidation threshold: 150%
premium threshold: 200%
secure threshold: 260%
minimum collateral: 20 LKSM
ceiling: 38.000 LKSM

I request that this be upgraded already to referendum to speed up the process.

Edited
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Metadata
Proposer
a3cF...AjJw
Hash
Delay
02022-11-09 21:45:48
End
02022-11-09 21:45:12
Threshold
Call
Table
Json
callIndex0x0202
sectionutility
methodbatchAll
args
calls
0
callIndex0x3d0b
sectionvaultRegistry
methodsetLiquidationCollateralThreshold
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
threshold1500000000000000000
1
callIndex0x3d0a
sectionvaultRegistry
methodsetPremiumRedeemThreshold
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
threshold2000000000000000000
2
callIndex0x3d09
sectionvaultRegistry
methodsetSecureCollateralThreshold
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
threshold2600000000000000000
3
callIndex0x3d08
sectionvaultRegistry
methodsetSystemCollateralCeiling
args
currencyPair
collateral
foreignAsset2
wrapped
tokenKBTC
ceiling38000000000000000
4
callIndex0x3d07
sectionvaultRegistry
methodsetMinimumCollateral
args
currencyId
foreignAsset2
minimum20000000000000
TimelineLatest activity undefined
2022-11-07 12:56:24
Proposed
Index
#74
2022-11-07 15:41:42
FastTracked
2022-11-07 15:41:42
Started
referendumIndex
70
voteThreshold
SuperMajorityAgainst
2022-11-09 21:45:12
Passed
referendumIndex
70
2022-11-09 21:45:48
Executed
result
ok
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