Summary
This is a proposal for creating a new CNT market to support WMTX token for lending, borrowing and collateralization on the Liqwid protocol.
Project and Token Overview
World Mobile is building a decentralized mobile and data sharing network on Cardano using their EarthNode operators model. (Source About Worldmobile )
Market Reasoning
The token has a strong market cap of $311 millions, high liquidity through its multiples CEX listings and the company itself has started generating revenues. (see Ecosystem metrics).
Risk Considerations
WMTX is a project characterized by strong market liquidity and historically low volatility. It benefits from a large, active community, a long track record, and a revenue-generating product. These factors make WMTX an ideal candidate for listing within the Liqwid protocol, positioning it as a high-quality, low-risk asset within the platform.
Suggested WMTX Market Parameters
The proposed interest rates would align with those of existing CNTs listed on Liqwid, such as MIN or LQ. For reference, see the MIN market on Liqwid.
Interest rate market parameters:
- BaseRate 0.00%
- utilMultiplier 3.50%
- utilmultiplierjump 20,00%
- Kink rate 80.00%
The income split is also similar to the others CNTs listed on Liqwid.
Income Factor:
- Reserve Factor: 0.0%
- DAO Factor: 10.0%
- LQ stakers: 10.0%
- Market suppliers: 80.0%
The proposed WMTX risk parameters are:
- Collateral factor (maxLTV): 59.9%
- Liquidation threshold: 60%
- Liquidation discount: 15%
The supply cap for WMTX will be set to an amount equivalent to $2 million (based on the token price at the time of its listing on Liqwid). There will be a 90% borrow cap.
WMTX tokens will be enabled as collateral, allowing users to borrow any CNT supported assets and wanchain stablecoins on the Liqwid protocol.
WMTX can be borrowed from loan having ADA, LQ or CNT stablecoins as collateral.
Specification
The Liqwid Labs developers have already completed the technical requirements to list new tokens. Following this on-chain governance vote, the team will begin WMTX integration immediately.
Conclusion
The Core Team recommends the adoption of this proposal and to add WMTX as a token for lending, borrowing and collateralization on Liqwid with the proposed market parameters.
- Do you support this listing proposal for WMTX?
- Do you reject this listing proposal for WMTX?