Proposal Overview
This proposal seeks to update DJED and iUSD as collateral in all markets enabling users to borrow any other assets in the protocol when using these assets as collateral.
Collateral Parameter Update Reasoning
Both DJED and iUSD markets have seen strong utilization since their respective launches and represent the two largest interest accruing Cardano native token markets on Liqwid. Adding additional utility to DJED and iUSD markets gives Cardano DeFi users more flexible financing options to tap into liquidity against their Cardano native stablecoin holdings.
Risk Considerations
Both of these stablecoins have been through multiple market shock events and have proven resilient during these events. Both DJED and iUSD also have strong core development teams backing them.
Specifications
Currently DJED is collateral only in the ADA, iUSD, DAI, USDT, USDC markets. This proposal would update DJED collateral parameters to enable it as collateral in all other CNT markets including the recently launched USDM market.
Currently iUSD is collateral only in the ADA market. This proposal would update iUSD’s collateral parameters to enable it as collateral in all other markets including the recently launched USDM market and the DJED market.
Both assets will keep their current maxLTVs and Liquidation Thresholds, they will now be extended as collateral in all markets.
Liqwid Labs developers have completed the necessary technical requirements for updating collateral parameters.
Conclusion
The Core Team recommends the adoption of this proposal to update DJED and iUSD collateral parameters to bring them to parity with USDM as accepted collateral in all markets.
Do you support this proposal?
- Yes, I support this proposal
- No, I do not support this proposal