Proposal Overview
This proposal seeks to update Cardano native tokens as collateral in all stablecoin markets enabling CNT holders to borrow ADA as well as any stablecoin from the protocol.
Update Reasoning
Cardano native tokens are currently only accepted as collateral in the ADA market. By expanding this to all stablecoin markets the protocol is giving CNT suppliers on Liqwid access to stable liquidity.
Risk Considerations
CNT markets have all had their supply caps updated recently to reflect current onchain liquidity amounts. AGIX is being offboarded from the protocol is excluded from this proposal to update CNT market collateral parameters.
Specifications
COPI, ERG, IAG, MIN, SNEK, WMT and SHEN will be accepted as collateral for DJED, iUSD, USDM, DAI, USDT and USDC.
The current maxLTVs and liquidation thresholds for CNT markets will remain the same and they will now be accepted as collateral in stablecoin markets.
Conclusion
The Core Team recommends the adoption of this proposal and to update Cardano Native Token markets to enable them as collateral types in all stablecoin markets.
Do you support this proposal?
- Yes, I support this proposal.
- No, I do not support this proposal.