Activation of USDT as a Vault collateral on Kintsugi
Democracy
0 Comments
Executed

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:

Edited
Reply
Up
Share
Votes
AyePassing thresholdNay
50%50%
Aye
0 vKINT
Nay
0 vKINT
Turnout
0 vKINT
Electorate
0 vKINT
Passed
Check all votes

How Kintsugi Governance Works.

Metadata
Proposer
Hash
Delay
02023-02-08 22:17:12
End
02023-02-08 15:25:48
Threshold
Call
Table
Json
callIndex0x0202
sectionutility
methodbatchAll
args
calls
0
callIndex0x3d0b
sectionvaultRegistry
methodsetLiquidationCollateralThreshold
args
currencyPair
collateral
foreignAsset3
wrapped
tokenKBTC
threshold1400000000000000000
1
callIndex0x3d0a
sectionvaultRegistry
methodsetPremiumRedeemThreshold
args
currencyPair
collateral
foreignAsset3
wrapped
tokenKBTC
threshold1550000000000000000
2
callIndex0x3d09
sectionvaultRegistry
methodsetSecureCollateralThreshold
args
currencyPair
collateral
foreignAsset3
wrapped
tokenKBTC
threshold1650000000000000000
3
callIndex0x3d08
sectionvaultRegistry
methodsetSystemCollateralCeiling
args
currencyPair
collateral
foreignAsset3
wrapped
tokenKBTC
ceiling100000000000
4
callIndex0x3d07
sectionvaultRegistry
methodsetMinimumCollateral
args
currencyId
foreignAsset3
minimum150000000
TimelineLatest activity undefined
2023-02-03 16:34:12
Proposed
Index
#92
2023-02-06 09:00:18
Tabled
Referenda Index
#88
Deposit
5 vKINT
2023-02-06 09:00:18
Started
referendumIndex
88
voteThreshold
SuperMajorityAgainst
2023-02-08 15:25:48
Passed
referendumIndex
88
2023-02-08 22:17:12
Executed
result
ok
Comments
There are no comments here