Tech. Comm. #0x580b
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.
This proposal enables the usage of
KINT as collateral for Kintsugi vaults.
ℹ️ The full discussion of this proposal can be found in this post
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
- Secure collateral threshold:
- Premium redeem threshold:
- Liquidation threshold:
- Minimum Collateral:
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.